TTM Technologies (NASDAQ:TTMI) Sets New 52-Week High at $16.76

TTM Technologies, Inc. (NASDAQ:TTMI) hit a new 52-week high during trading on Thursday . The stock traded as high as $16.76 and last traded at $16.60, with a volume of 193102 shares trading hands. The stock had previously closed at $14.77.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a report on Thursday. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $15.00 to $19.00 in a report on Thursday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $18.17.

TTM Technologies Trading Up 13.1 %

The firm has a market capitalization of $1.70 billion, a PE ratio of -92.72 and a beta of 1.37. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average price is $14.75 and its 200 day moving average price is $14.56.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $569.04 million for the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, analysts expect that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the sale, the insider now owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in TTM Technologies by 61.3% in the 1st quarter. BNP Paribas Financial Markets now owns 107,322 shares of the technology company’s stock valued at $1,680,000 after buying an additional 40,784 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in TTM Technologies by 2,130.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company’s stock valued at $392,000 after buying an additional 23,945 shares in the last quarter. Wesbanco Bank Inc. bought a new position in TTM Technologies in the 1st quarter valued at about $1,006,000. Bridgeway Capital Management LLC grew its position in TTM Technologies by 4.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after buying an additional 40,111 shares in the last quarter. Finally, CastleKnight Management LP bought a new position in shares of TTM Technologies during the 4th quarter valued at about $1,088,000. 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.