TTM Technologies (NASDAQ:TTMI) Sees Large Volume Increase on Analyst Upgrade - MarketBeat

2022-09-03 10:53:41 By : Mr. prodeco global

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

TTM Technologies, Inc. (NASDAQ:TTMI - Get Rating) shares saw an uptick in trading volume on Friday after Needham & Company LLC raised their price target on the stock from $17.00 to $19.00. Needham & Company LLC currently has a buy rating on the stock. 28,133 shares changed hands during mid-day trading, a decline of 95% from the previous session's volume of 524,325 shares.The stock last traded at $17.23 and had previously closed at $16.53.

Separately, StockNews.com raised shares of TTM Technologies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 18th.Insider Transactions at TTM Technologies

In other news, COO Philip Titterton sold 7,215 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $12.67, for a total transaction of $91,414.05. Following the completion of the sale, the chief operating officer now owns 73,950 shares in the company, valued at approximately $936,946.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Philip Titterton sold 7,215 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $12.67, for a total value of $91,414.05. Following the completion of the sale, the chief operating officer now owns 73,950 shares in the company, valued at approximately $936,946.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Tony Sanchez sold 4,832 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $12.13, for a total transaction of $58,612.16. Following the completion of the sale, the vice president now owns 21,749 shares of the company's stock, valued at approximately $263,815.37. The disclosure for this sale can be found here. Insiders sold 27,941 shares of company stock worth $344,389 in the last 90 days. Insiders own 0.96% of the company's stock. Institutional Trading of TTM Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new stake in TTM Technologies in the 2nd quarter valued at approximately $49,000. Envestnet Asset Management Inc. boosted its position in TTM Technologies by 58.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,919 shares of the technology company's stock valued at $211,000 after buying an additional 6,244 shares during the period. Jennison Associates LLC purchased a new position in TTM Technologies in the 2nd quarter valued at approximately $709,000. SG Americas Securities LLC purchased a new position in TTM Technologies in the 2nd quarter valued at approximately $799,000. Finally, Counterpoint Mutual Funds LLC boosted its position in TTM Technologies by 35.5% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 8,365 shares of the technology company's stock valued at $105,000 after buying an additional 2,193 shares during the period. Institutional investors and hedge funds own 99.08% of the company's stock. TTM Technologies Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.21 and a current ratio of 2.44. The company has a market cap of $1.76 billion, a PE ratio of 23.28 and a beta of 1.53. The company's 50-day simple moving average is $13.11 and its 200 day simple moving average is $13.48.

TTM Technologies (NASDAQ:TTMI - Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. TTM Technologies had a net margin of 3.15% and a return on equity of 9.33%. The company had revenue of $581.26 million during the quarter, compared to analysts' expectations of $560.37 million. During the same quarter last year, the company posted ($0.03) EPS. The firm's revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.16 earnings per share for the current fiscal year. About TTM Technologies (Get Rating)

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.Featured ArticlesGet a free copy of the StockNews.com research report on TTM Technologies (TTMI)Cronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's CheapBJ’s Wholesale Club Stock Has More Room to Grow How Does Freeport McMoran Inc Compare to Its Sector Competitors?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider TTM Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TTM Technologies wasn't on the list.

While TTM Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Tom remains optimistic about investors’ prospects going forward, even as the market reacts to the words of Fed Chair Jerome Powell about “pain ahead.”

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.