TTM Technologies (NASDAQ:TTMI) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

TTM Technologies (NASDAQ:TTMI) had its target price lifted by analysts at Needham & Company LLC from $30.00 to $33.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective points to a potential upside of 33.17% from the stock’s current price.

TTM Technologies Stock Up 2.0 %

TTMI opened at $24.78 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. TTM Technologies has a one year low of $13.43 and a one year high of $28.00. The firm has a market capitalization of $2.53 billion, a P/E ratio of 37.55 and a beta of 1.19. The company has a fifty day moving average price of $25.04 and a 200-day moving average price of $21.79.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 8.67% and a net margin of 2.90%. Equities research analysts expect that TTM Technologies will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, EVP Douglas L. Soder sold 5,985 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $25.00, for a total value of $149,625.00. Following the sale, the executive vice president now owns 179,493 shares in the company, valued at approximately $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the transaction, the executive vice president now owns 95,341 shares of the company’s stock, valued at approximately $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,233 shares of company stock valued at $1,042,577 in the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares during the period. Diversified Trust Co lifted its stake in shares of TTM Technologies by 2.6% in the 3rd quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after purchasing an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in TTM Technologies by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after buying an additional 659 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of TTM Technologies by 6.2% in the fourth 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 period. Finally, USA Financial Formulas acquired a new stake in shares of TTM Technologies during the 4th quarter valued at about $25,000. 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.