Media coverage about TTM Technologies (NASDAQ:TTMI) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TTM Technologies earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.0546330649975 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Needham & Company LLC reduced their target price on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 8th. Stifel Nicolaus reduced their target price on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.50.
Shares of NASDAQ TTMI opened at $16.59 on Thursday. The stock has a market cap of $1.71 billion, a P/E ratio of 15.95 and a beta of 1.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.72 and a current ratio of 1.84. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $663.58 million for the quarter, compared to the consensus estimate of $638.80 million. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. sell-side analysts forecast that TTM Technologies will post 1.03 earnings per share for the current fiscal year.
In related news, insider Jon Pereira sold 6,985 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $16.09, for a total transaction of $112,388.65. Following the transaction, the insider now owns 36,960 shares in the company, valued at approximately $594,686.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tony Sanchez sold 3,975 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $16.09, for a total transaction of $63,957.75. Following the transaction, the vice president now owns 29,569 shares in the company, valued at approximately $475,765.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,288 shares of company stock worth $2,243,630. 10.10% of the stock is owned by corporate insiders.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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