Shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) hit a new 52-week high during trading on Thursday after Needham & Company LLC raised their price target on the stock from $24.00 to $26.00. Needham & Company LLC currently has a buy rating on the stock. TTM Technologies traded as high as $23.40 and last traded at $23.05, with a volume of 120767 shares. The stock had previously closed at $19.72.
Other equities research analysts have also issued reports about the stock. Truist Financial reaffirmed a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. B. Riley increased their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $25.31.
Get Our Latest Stock Report on TTM Technologies
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position 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 worth $29,000 after purchasing an additional 642 shares during the last quarter. CWM LLC raised its holdings in TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of TTM Technologies during the first quarter worth about $37,000. Innealta Capital LLC purchased a new stake in TTM Technologies in the second quarter valued at approximately $64,000. Finally, EntryPoint Capital LLC boosted its position in TTM Technologies by 108.1% in the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after buying an additional 3,254 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies Trading Up 17.1 %
The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $18.81 and a 200 day simple moving average of $18.62. The firm has a market cap of $2.35 billion, a PE ratio of -1,150.00 and a beta of 1.25.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The business had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.
TTM Technologies Company Profile
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.
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