News articles about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TTM Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.2251863521557 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
TTMI has been the subject of several recent research reports. ValuEngine downgraded TTM Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Deutsche Bank initiated coverage on TTM Technologies in a report on Thursday, June 14th. They issued a “hold” rating and a $19.00 price target for the company. Needham & Company LLC increased their price target on TTM Technologies from $20.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, August 2nd. BidaskClub downgraded TTM Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Finally, Stifel Nicolaus increased their price target on TTM Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.40.
Shares of TTM Technologies stock opened at $18.45 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.57. The stock has a market cap of $1.94 billion, a PE ratio of 17.74 and a beta of 1.88. TTM Technologies has a 1-year low of $13.72 and a 1-year high of $19.91.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, August 1st. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $716.89 million during the quarter, compared to the consensus estimate of $728.97 million. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. analysts predict that TTM Technologies will post 1.09 EPS for the current fiscal year.
In other news, COO Brian W. Barber sold 1,315 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total transaction of $25,300.60. Following the completion of the sale, the chief operating officer now directly owns 76,280 shares in the company, valued at $1,467,627.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Kent Hardwick sold 3,115 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $18.91, for a total value of $58,904.65. Following the sale, the insider now owns 44,997 shares of the company’s stock, valued at $850,893.27. The disclosure for this sale can be found here. Insiders have sold 29,292 shares of company stock valued at $553,339 over the last 90 days. Insiders own 10.10% of the company’s stock.
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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