Rating Change: TTM Tech (NASDAQ:TTMI) Stock Rating Kept by Analysts at Stifel; The $15 Target Indicates 7.22% Potential

November 30, 2016 - By Adrian Mccoy

Rating Change: TTM Tech (NASDAQ:TTMI) Stock Rating Kept by Analysts at Stifel; The $15 Target Indicates 7.22% Potential

TTM Tech (NASDAQ:TTMI) Rating

New York: In a report sent to investors and clients on Wednesday morning, Stifel reaffirmed their “Buy” rating on shares of TTM Tech (NASDAQ:TTMI). They currently have a $15 target on the company. Stifel’s target means a potential upside of 7.22% from the company’s last stock close.

TTM Technologies, Inc. (NASDAQ:TTMI) Ratings Coverage

Out of 4 analysts covering TTM Tech (NASDAQ:TTMI), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $14 is the highest target while $9 is the lowest. The $10.83 average target is -22.59% below today’s ($13.99) stock price. TTM Tech has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Thursday, August 6. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, January 11. Stifel Nicolaus upgraded TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, August 10 to “Hold” rating. The stock has “Sell” rating given by TheStreet on Friday, September 4. Needham maintained the shares of TTMI in a report on Thursday, October 27 with “Buy” rating.

The stock increased 1.52% or $0.21 during the last trading session, hitting $13.99. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 111.97% since April 27, 2016 and is uptrending. It has outperformed by 106.74% the S&P500.

Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on February, 2. They expect $0.45 earnings per share, up 400.00% or $0.36 from last year’s $0.09 per share. TTMI’s profit will be $46.00M for 7.77 P/E if the $0.45 EPS becomes a reality. After $0.36 actual earnings per share reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Insitutional Activity: The institutional sentiment increased to 3.22 in Q2 2016. Its up 1.76, from 1.46 in 2016Q1. The ratio is positive, as 27 funds sold all TTM Technologies, Inc. shares owned while 27 reduced positions. 23 funds bought stakes while 56 increased positions. They now own 70.54 million shares or 0.69% more from 70.06 million shares in 2016Q1.

Bridgeway accumulated 0.15% or 1.27 million shares. D E Shaw & Co has 0% invested in the company for 143,945 shares. Cs Mckee Lp holds 0.03% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 89,050 shares. Moreover, State Of Wisconsin Board has 0.02% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 663,934 shares. Renaissance Limited Liability Company last reported 0.01% of its portfolio in the stock. Morgan Stanley last reported 0% of its portfolio in the stock. Credit Suisse Ag accumulated 160,982 shares or 0% of the stock. Paradigm Cap Mngmt New York holds 3.34% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 3.64 million shares. Teacher Retirement Systems Of Texas owns 8,968 shares or 0% of their US portfolio. The Illinois-based Envestnet Asset Mgmt has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). Texas Permanent School Fund has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Susquehanna Gru Llp has 0% invested in the company for 11,116 shares. National Bank & Trust Of Montreal Can last reported 413,515 shares in the company. Capstone Asset Management Company has 0.01% invested in the company for 45,002 shares. Deutsche Bank & Trust Ag, a Germany-based fund reported 1.52M shares.

Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 insider sales for $5.82 million net activity. ALDER KENTON K had sold 36,823 shares worth $366,069. Weber Daniel J sold $50,215 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Wednesday, September 7. Soder Douglas L also sold $1.31 million worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares. Princiotta Anthony J sold 24,924 shares worth $263,571. Hardwick William Kent sold 400 shares worth $4,232. Barber Brian W also sold $331,493 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Friday, August 5. Chung Tai Keung also sold $732,375 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, August 1.

TTM Technologies, Inc. is a manufacturer of printed circuit board products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The company has a market cap of $1.43 billion. The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. It has a 37.85 P/E ratio. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico.

According to Zacks Investment Research, “TTM Technologies, Inc. provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. Its printed circuit boards serve as the foundation of electronic products such as routers, switches, computer memory modules and communications infrastructure equipment. Its customers include manufacturers of these electronic products and their suppliers. Its customers primarily serve such rapidly growing segments of the electronics industry as networking, high-end computing, including servers, and computer peripherals.”

TTMI Company Profile

TTM Technologies, Inc., incorporated on June 21, 2005, is a maker of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. The Firm serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries. The Company’s clients include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The Firm offers a range of PCB products, including high density interconnect (HDI) PCBs, conventional PCBs, flexible PCBs, rigid-flex PCBs, backplane assemblies and integrated circuits (IC) substrates. It also offers certain services to support its customers’ needs, which include design for manufacturability (DFM) support during new product introduction stages; PCB layout design; simulation and testing services; QTA production, and drilling and routing services.

More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Fool.com, which released: “Why TTM Technologies, Inc. Is Rising Today” on October 27, 2016. Forbes.com‘s article titled: “TTM Technologies Reaches Analyst Target Price” and published on October 28, 2016 is yet another important article.

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