Rating to Follow: TTM Tech (TTMI) Investors: Stifel Reiterates “Buy” Rating, Sees $15.0/Share

November 30, 2016 - By Peter Erickson

Rating to Follow: TTM Tech (TTMI) Investors: Stifel Reiterates

TTM Tech (TTMI) Rating

They currently have a $15.0 TP on TTM Tech (TTMI). Stifel’s target would suggest a potential upside of 7.22% from the company’s last close price. This was shown in analysts report on 30 November.

The stock closed at $13.99 during the last session. It is down 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 EPS, 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 EPS 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 2016 Q2. Its up 1.76, from 1.46 in 2016Q1. The ratio increased, 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.

Moreover, Ameriprise Inc has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 541,109 shares. Arizona State Retirement System holds 0% or 33,825 shares in its portfolio. Thrivent Fincl For Lutherans owns 31,550 shares or 0% of their US portfolio. Hsbc Holdings Public Limited Liability Corp owns 64,898 shares or 0% of their US portfolio. Guggenheim Capital Ltd Co owns 269,668 shares or 0.01% of their US portfolio. Schwab Charles last reported 0% of its portfolio in the stock. Gotham Asset Mgmt Lc holds 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 123,881 shares. Citadel Advsrs Lc holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 17,386 shares. Victory Capital Management reported 99,647 shares or 0% of all its holdings. Bridgeway Cap Management Inc accumulated 0.15% or 1.27M shares. Tudor Invest Et Al accumulated 0.01% or 36,200 shares. Manufacturers Life Ins Commerce The holds 50,312 shares or 0% of its portfolio. Strs Ohio last reported 0% of its portfolio in the stock. Renaissance Technologies Lc last reported 0.01% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt owns 10,900 shares or 0% of their US portfolio.

Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 insider sales for $5.82 million net activity. Barber Brian W sold $331,493 worth of stock. 400 TTM Technologies, Inc. (NASDAQ:TTMI) shares with value of $4,232 were sold by Hardwick William Kent. $732,375 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Chung Tai Keung. $106,624 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Weber Daniel J. $1.31M worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Soder Douglas L. On Monday, August 1 the insider ALDER KENTON K sold $312,550. 24,924 shares were sold by Princiotta Anthony J, worth $263,571 on Tuesday, August 9.

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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