The stock of TTM Technologies Inc. (NASDAQ:TTMI) last traded at $13.27, down -0.23% from the previous session.
Data from the available sources indicates that TTM Technologies Inc. (NASDAQ:TTMI) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.75 and a low of $14.00, we find $15.50. Given the previous closing price of $13.30, this indicates a potential upside of 16.54 percent. TTMI stock price is now -12.41% away from the 50-day moving average and -9.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.35B.
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In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $16.44 as their price target over the next twelve months.
With the price target maintained at $17, Stifel recently Downgraded its rating from Buy to Hold for TTM Technologies Inc. (NASDAQ: TTMI). On February 10, 2022, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $16 to quote $14, while ‘Craig Hallum’ rates the stock as ‘Buy’.
In other news, Weber Daniel J, EVP, General Counsel sold 8,600 shares of the company’s stock on Mar 01. The stock was sold for $116,216 at an average price of $13.51. Upon completion of the transaction, the EVP, General Counsel now directly owns 92,089 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, EVP, General Counsel Weber Daniel J sold 10,000 shares of the business’s stock. A total of $163,594 was realized by selling the stock at an average price of $16.36. This leaves the insider owning 84,736 shares of the company worth $1.12 million. Insiders disposed of 285,945 shares of company stock worth roughly $3.79 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TTMI stock. A new stake in TTM Technologies Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $9,802,000. COMMONWEALTH EQUITY SERVICES, LLC invested $824,000 in shares of TTMI during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in TTM Technologies Inc. valued at approximately $623,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in TTMI for approximately $561,000. CAROLINA WEALTH ADVISORS, LLC purchased a new stake in TTMI valued at around $379,000 in the second quarter. In total, there are 320 active investors with 98.90% ownership of the company’s stock.
With an opening price of $13.36 on Wednesday morning, TTM Technologies Inc. (NASDAQ: TTMI) set off the trading day. During the past 12 months, TTM Technologies Inc. has had a low of $11.53 and a high of $17.49. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.90, and a quick ratio of 1.70. The fifty day moving average price for TTMI is $15.12 and a two-hundred day moving average price translates $14.58 for the stock.
The latest earnings results from TTM Technologies Inc. (NASDAQ: TTMI) was released for Jan, 2023. According to the Electronic Components Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.38 by 0.03. This compares to $0.08 EPS in the same period last year. The net profit margin was 3.00% and return on equity was 5.00% for TTMI. The company reported revenue of $617.16 million for the quarter, compared to $598.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.18 percent. For the current quarter, analysts expect TTMI to generate $564.59M in revenue.
TTM Technologies Inc.(TTMI) Company Profile
TTM Technologies, Inc., together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks. The company also produces printed circuits with heavy copper cores, as well as embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores. In addition, it offers value-added services, including RF design to specification capability, design for manufacturability, PCB layout design, simulation and testing, and quick turnaround services. The company serves original equipment manufacturers and electronic manufacturing services companies that primarily serve aerospace and defense, data center computing, automotive components, medical, industrial, and instrumentation related products sectors. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.
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