TTM Technologies, Inc. (NASDAQ:TTMI) Announces Quarterly Earnings Results

Xavier Trudeau
Août 3, 2017

Bowling Portfolio Management LLC raised its stake in TTM Technologies, Inc. Bank of Montreal Can's holdings in TTM Technologies were worth $6,901,000 at the end of the most recent quarter.

Several analysts recently commented on TTMI shares. Eqis Capital Management Inc. acquired a new position in TTM Technologies during the first quarter valued at about $167,000. Finally, Horizon Investment Services LLC boosted its stake in shares of TTM Technologies by 48.9% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company's stock worth $150,000 after buying an additional 140 shares during the period. Ameritas Investment Partners Inc. acquired a new position in TTM Technologies during the first quarter valued at about $101,000. Municipal Employees Retirement System of MI now owns 39,390 shares of the technology company's stock worth $636,000 after buying an additional 230 shares during the last quarter. Ngam Advisors L.P. now owns 23,986 shares of the technology company's stock worth $387,000 after buying an additional 379 shares during the last quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blackrock Mgmt Limited Liability Company stated it has 0.01% in TTM Technologies, Inc. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 142.01% since August 2, 2016 and is uptrending.

About 1.50 million shares traded or 30.43% up from the average. The company has a market capitalization of $1.75 billion, a PE ratio of 24.17 and a beta of 1.46. TTM Technologies has a one year low of $9.99 and a one year high of $19.54. The stock's average target of $19.33 is 27.17% above today's ($15.2) share price. (NASDAQ:TTMI). Horizon Invest Svcs Ltd Liability has invested 0.55% in TTM Technologies, Inc. The technology company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.04, Bloomberg Earnings reports. TTM Technologies had a return on equity of 18.17% and a net margin of 2.92%.

Looking forward, for the quarter ending Sep-17, 4 analysts have a mean sales target of 674.66 million.

They expect $0.24 EPS, down 12.5% or $0.03 from last year's $0.27 per share.

TTM Technologies, Inc. (NASDAQ:TTMI) soared 29.2% year-to-date. Paradigm Capital Management Inc Ny owns 2.16 million shares or 2.86% of their U.S. portfolio. If you are viewing this piece of content on another website, it was stolen and republished in violation of global copyright and trademark laws. The correct version of this report can be viewed at https://www.thestockobserver.com/2017/08/03/aqr-capital-management-llc-increases-position-in-ttm-technologies-inc-ttmi-updated-updated.html.

TTMI has been the subject of a number of research analyst reports. BidaskClub raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, July 24th. TheStreet upgraded TTM Technologies from a "c" rating to a "b-" rating in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded TTM Technologies from a "sell" rating to a "hold" rating in a research report on Wednesday, April 12th. Out of 4 Wall Street analysts rating TTM Tech, 2 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". The stock was sold at an average price of $18.09, for a total value of $54,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the transaction, the senior vice president now owns 48,270 shares of the company's stock, valued at approximately $864,998.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,074 shares of company stock valued at $249,890. The most recent short interest data show 13.73% of the company's stock are short sold.

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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company's divisions include PCB, E-M Solutions and Corporate.

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