The stock of TTM Technologies, Inc. (NASDAQ:TTMI) hit a new 52-week high and has $19.64 target or 66.00% above today’s $11.83 share price. The 9 months bullish chart indicates low risk for the $1.19B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $19.64 price target is reached, the company will be worth $785.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.03 million shares traded hands. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 71.85% since March 4, 2016 and is uptrending. It has outperformed by 63.81% the S&P500.
Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on October, 26. They expect $0.32 EPS, up 1,700.00% or $0.34 from last year’s $-0.02 per share. TTMI’s profit will be $32.19M for 9.24 P/E if the $0.32 EPS becomes a reality. After $0.27 actual EPS reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 18.52% EPS growth.
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. TTM Tech has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Sell” rating given on Friday, September 4 by TheStreet. The firm has “Buy” rating given on Monday, January 11 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, August 6 by Needham. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Hold” rating by Stifel Nicolaus on Monday, August 10.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.46 in Q2 2016. Its down 0.04, from 1.5 in 2016Q1. The ratio worsened, 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.
Pnc Fincl last reported 0% of its portfolio in the stock. Gotham Asset Management Limited Liability last reported 0.01% of its portfolio in the stock. State Of Tennessee Treasury Department holds 48,339 shares or 0% of its portfolio. Prudential Financial holds 0% or 210,718 shares in its portfolio. Connor Clark Lunn Investment has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Geode Management Limited Liability Com holds 501,366 shares or 0% of its portfolio. Us Savings Bank De last reported 554 shares in the company. Nomura Holdg Incorporated last reported 0.01% of its portfolio in the stock. Vanguard has 5.39M shares for 0% of their US portfolio. National Bank & Trust Of New York Mellon has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). The Michigan-based Ls Limited has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). Moreover, Princeton Alpha Management L P has 0.05% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 35,661 shares. Strs Ohio holds 0% or 1,500 shares in its portfolio. The Massachusetts-based State Street Corp has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). Envestnet Asset Mngmt last reported 0% of its portfolio in the stock.
Insider Transactions: Since July 19, 2016, the stock had 0 insider purchases, and 10 sales for $2.78 million net activity. Another trade for 70,000 shares valued at $732,375 was made by Chung Tai Keung on Monday, August 1. On Monday, October 3 the insider ALDER KENTON K sold $103,095. On Tuesday, August 16 the insider Hardwick William Kent sold $4,232. On Friday, August 5 Barber Brian W sold $331,493 worth of the stock or 31,841 shares. Another trade for 4,565 shares valued at $50,215 was made by Weber Daniel J on Wednesday, September 7. 24,924 shares were sold by Princiotta Anthony J, worth $263,571.
More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Fool.com, which released: “Why TTM Technologies, Inc. Jumped As Much As 17% Higher Today” on July 28, 2016. Globenewswire.com‘s article titled: “TTM Technologies, Inc. Announces Upcoming Conference Participation” and published on August 12, 2016 is yet another important article.
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.
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