TTM Technologies (NASDAQ:TTMI) Coverage Initiated at Stifel Nicolaus

Stock analysts at Stifel Nicolaus began coverage on shares of TTM Technologies (NASDAQ:TTMI) in a report released on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $33.00 price target on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 28.60% from the company’s previous close.

Separately, Needham & Company LLC lifted their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

TTM Technologies Stock Performance

Shares of TTMI opened at $25.66 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.70. TTM Technologies has a one year low of $13.43 and a one year high of $30.41. The firm has a market capitalization of $2.62 billion, a P/E ratio of 47.52 and a beta of 1.19. The business has a fifty day moving average of $25.19 and a 200 day moving average of $21.94.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, sell-side analysts anticipate that TTM Technologies will post 1.74 EPS for the current year.

Insider Activity

In related news, insider Jeff Jankowsky sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the sale, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the sale, the executive vice president now owns 95,341 shares in the company, valued at $2,263,395.34. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,261 shares of company stock worth $1,043,417 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Several large investors have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in shares of TTM Technologies during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares during the last quarter. Quarry LP bought a new position in shares of TTM Technologies during the third quarter valued at approximately $34,000. Finally, Covestor Ltd grew its stake in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.