TTM Technologies (NASDAQ:TTMI) Earns Buy Rating from Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus assumed coverage on shares of TTM Technologies (NASDAQ:TTMI) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating and a $33.00 price target on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 29.41% from the company’s current price.

Separately, Needham & Company LLC raised their price objective on shares of 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 Price Performance

TTM Technologies stock opened at $25.50 on Tuesday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 47.22 and a beta of 1.19. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $25.13 and a 200 day simple moving average of $21.89. TTM Technologies has a 52 week low of $13.43 and a 52 week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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%. On average, research analysts forecast that TTM Technologies will post 1.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 directly owns 95,341 shares in the company, valued at approximately $2,263,395.34. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total transaction of $121,150.00. Following the transaction, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,261 shares of company stock valued at $1,043,417 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in TTM Technologies by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after acquiring an additional 659 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock worth $423,000 after acquiring an additional 1,000 shares during the last quarter. USA Financial Formulas purchased a new position in TTM Technologies during the 4th quarter valued at about $25,000. Finally, Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 1,220 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.