B. Riley Forecasts Strong Price Appreciation for TTM Technologies (NASDAQ:TTMI) Stock

TTM Technologies (NASDAQ:TTMI) had its price target boosted by analysts at B. Riley from $35.00 to $36.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price objective indicates a potential upside of 43.83% from the stock’s previous close.

TTMI has been the topic of a number of other research reports. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock. Needham & Company LLC lifted their price objective on TTM Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday.

TTM Technologies Trading Up 7.2 %

TTMI opened at $25.03 on Thursday. TTM Technologies has a one year low of $15.77 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The business has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $23.13. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 46.35 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. Analysts predict that TTM Technologies will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares in the company, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares of the company’s stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 in the last three months. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in TTM Technologies by 532.1% in the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock worth $48,454,000 after buying an additional 1,648,017 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock worth $37,971,000 after acquiring an additional 515,015 shares during the last quarter. Emerald Advisers LLC lifted its position in TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock valued at $29,533,000 after acquiring an additional 367,798 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in TTM Technologies by 5.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company’s stock valued at $32,491,000 after purchasing an additional 63,230 shares during the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of TTM Technologies by 22.6% in the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company’s stock worth $32,208,000 after purchasing an additional 239,972 shares in the last quarter. 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.