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

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

Separately, Needham & Company LLC raised their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $26.38 on Tuesday. The stock has a market cap of $2.69 billion, a P/E ratio of 48.85 and a beta of 1.19. TTM Technologies has a twelve month low of $13.43 and a twelve month high of $30.41. The stock has a 50 day moving average of $25.17 and a two-hundred day moving average of $21.92. 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 (NASDAQ:TTMI) last released its quarterly 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, research analysts forecast that TTM Technologies will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total transaction of $151,936.00. Following the transaction, the executive vice president now directly owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Douglas L. Soder sold 19,015 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the transaction, the executive vice president now directly owns 185,478 shares of the company’s stock, valued at $4,636,950. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,261 shares of company stock worth $1,043,417. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTMI. USA Financial Formulas purchased a new stake in shares of TTM Technologies during the 4th quarter worth $25,000. GAMMA Investing LLC boosted its holdings in TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after buying an additional 642 shares in the last quarter. Quarry LP acquired a new position in TTM Technologies during the third quarter worth about $34,000. Smartleaf Asset Management LLC increased its holdings in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds 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.