TTM Technologies (NASDAQ:TTMI) Price Target Increased to $27.25 by Analysts at B. Riley

TTM Technologies (NASDAQ:TTMI) had its price objective lifted by B. Riley from $25.50 to $27.25 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

TTMI has been the topic of several other reports. Stifel Nicolaus lifted their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a buy rating in a report on Thursday. Truist Financial reissued 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. Finally, Needham & Company LLC boosted their price objective on TTM Technologies from $19.00 to $21.00 and gave the company a buy rating in a research note on Monday, June 17th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $24.31.

TTM Technologies Stock Down 6.3 %

Shares of TTMI opened at $18.31 on Thursday. The company has a market capitalization of $1.86 billion, a PE ratio of -915.04 and a beta of 1.25. TTM Technologies has a 12 month low of $11.14 and a 12 month high of $22.70. The stock’s 50-day moving average price is $19.72 and its two-hundred day moving average price is $16.92. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts anticipate that TTM Technologies will post 1.29 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert P. Farrell sold 5,159 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $18.99, for a total value of $97,969.41. Following the completion of the transaction, the insider now directly owns 22,958 shares of the company’s stock, valued at $435,972.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TTM Technologies news, insider Robert P. Farrell sold 5,159 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $18.99, for a total transaction of $97,969.41. Following the completion of the transaction, the insider now directly owns 22,958 shares of the company’s stock, valued at $435,972.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeff Jankowsky sold 10,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total value of $200,400.00. Following the transaction, the insider now directly owns 60,273 shares of the company’s stock, valued at $1,207,870.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,038 shares of company stock valued at $1,924,515. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in shares of 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 buying an additional 1,244 shares in the last quarter. Headlands Technologies LLC bought a new position in TTM Technologies in the first quarter valued at $37,000. Innealta Capital LLC bought a new position in TTM Technologies in the second quarter valued at $64,000. EntryPoint Capital LLC increased its stake 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 acquiring an additional 3,254 shares during the last quarter. Finally, Versor Investments LP bought a new position in TTM Technologies in the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.