TTM Technologies’ (TTMI) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of TTM Technologies (NASDAQ:TTMI) in a research report released on Friday,Benzinga reports. Needham & Company LLC currently has a $33.00 price target on the technology company’s stock.

Separately, Stifel Nicolaus assumed coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $22.77 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 42.17 and a beta of 1.19. TTM Technologies has a 52-week low of $13.43 and a 52-week high of $30.41. The stock has a fifty day moving average of $24.44 and a 200 day moving average of $22.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, research analysts expect that TTM Technologies will post 1.76 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares in the company, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,817 shares of company stock worth $1,316,006. Company insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Large investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in shares of TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of TTM Technologies by 131.7% in the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after purchasing an additional 781,058 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of TTM Technologies in the third quarter worth about $847,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of TTM Technologies by 33.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after purchasing an additional 9,980 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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.