TTM Technologies (NASDAQ:TTMI) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of TTM Technologies (NASDAQ:TTMI) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $33.00 price target on the technology company’s stock.

Separately, Needham & Company LLC boosted their target price 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

Shares of NASDAQ:TTMI opened at $26.16 on Tuesday. The firm has a 50 day moving average of $25.21 and a 200-day moving average of $21.97. The stock has a market capitalization of $2.67 billion, a PE ratio of 48.44 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. TTM Technologies has a 12 month low of $13.43 and a 12 month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, equities research analysts predict that TTM Technologies will post 1.74 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In related news, EVP Douglas L. Soder sold 19,015 shares of TTM Technologies stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $475,375.00. Following the sale, the executive vice president now directly owns 185,478 shares of the company’s stock, valued at approximately $4,636,950. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the insider now directly owns 50,273 shares in the company, valued at $1,256,825. The trade was a 9.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,653 shares of company stock valued at $1,525,165. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On TTM Technologies

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its holdings in TTM Technologies by 75.6% during the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after acquiring an additional 99,512 shares during the last quarter. Natixis Advisors LLC grew its holdings in TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after acquiring an additional 45,835 shares during the last quarter. Quantbot Technologies LP bought a new stake in TTM Technologies during the 3rd quarter worth approximately $847,000. Geode Capital Management LLC grew its holdings in TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after acquiring an additional 30,738 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of TTM Technologies by 26.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock valued at $4,221,000 after purchasing an additional 48,346 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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.