ValuEngine upgraded shares of TTM Technologies (NASDAQ:TTMI) from a strong sell rating to a sell rating in a report released on Thursday morning.
Separately, BidaskClub raised TTM Technologies from a hold rating to a buy rating in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. TTM Technologies currently has a consensus rating of Hold and an average price target of $20.67.
NASDAQ TTMI opened at $12.18 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.79. TTM Technologies has a 52 week low of $8.97 and a 52 week high of $19.91. The stock has a market capitalization of $1.27 billion, a PE ratio of 8.83 and a beta of 2.27.
In other TTM Technologies news, insider Philip Titterton sold 19,864 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total transaction of $235,388.40. Following the completion of the transaction, the insider now owns 61,188 shares in the company, valued at approximately $725,077.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Tony Sanchez sold 6,747 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.01, for a total value of $81,031.47. Following the transaction, the vice president now owns 24,731 shares of the company’s stock, valued at approximately $297,019.31. The disclosure for this sale can be found here. Insiders have sold a total of 32,268 shares of company stock worth $384,360 in the last three months. 10.10% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in TTM Technologies by 3.2% during the 4th quarter. BlackRock Inc. now owns 13,802,498 shares of the technology company’s stock valued at $134,298,000 after buying an additional 432,824 shares in the last quarter. Vanguard Group Inc. grew its holdings in TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,178,218 shares of the technology company’s stock valued at $193,755,000 after buying an additional 65,344 shares in the last quarter. Vanguard Group Inc grew its holdings in TTM Technologies by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 12,178,218 shares of the technology company’s stock valued at $193,755,000 after buying an additional 65,344 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TTM Technologies by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,767,958 shares of the technology company’s stock valued at $85,312,000 after buying an additional 133,379 shares in the last quarter. Finally, LSV Asset Management grew its holdings in TTM Technologies by 0.8% during the 4th quarter. LSV Asset Management now owns 4,357,084 shares of the technology company’s stock valued at $42,394,000 after buying an additional 33,400 shares in the last quarter.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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