Notable Price Action: Is TTM Technologies, Inc.’s Fuel For Real? The Stock Just Increased Again

Notable Price Action: Is TTM Technologies, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of TTM Technologies, Inc. (NASDAQ:TTMI) is a huge mover today! About 1.16M shares traded hands. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 102.35% since April 26, 2016 and is uptrending. It has outperformed by 97.09% the S&P500.
The move comes after 5 months positive chart setup for the $1.43B company. It was reported on Nov, 29 by Barchart.com. We have $14.97 PT which if reached, will make NASDAQ:TTMI worth $100.10 million more.

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 $46.00 million 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.

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 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Monday, August 10 by Stifel Nicolaus. The stock has “Buy” rating given by Stifel Nicolaus on Monday, January 11. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Buy” rating given on Thursday, October 27 by Needham. The rating was maintained by Needham on Thursday, August 6 with “Buy”. As per Friday, September 4, the company rating was downgraded by TheStreet.

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 increased to 3.22 in 2016 Q2. 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.
Moreover, Franklin Resources has 0.01% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 3.07 million shares. Suntrust Banks holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 10,449 shares. Livforsakringsbolaget Skandia Omsesidigt has 10,900 shares for 0% of their US portfolio. Engineers Gate Manager Limited Partnership last reported 0.01% of its portfolio in the stock. Amp Cap Invsts Ltd has 16,322 shares for 0% of their US portfolio. Jpmorgan Chase & Com, a New York-based fund reported 2.03 million shares. Shell Asset Mngmt holds 97,578 shares or 0.02% of its portfolio. Principal Financial Gru has 471,260 shares for 0% of their US portfolio. Capstone Asset Management accumulated 45,002 shares or 0.01% of the stock. Advisors Asset Management Inc last reported 0% of its portfolio in the stock. Moreover, Manufacturers Life Commerce The has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 50,312 shares. Legal And General Grp Public Limited holds 0% or 9,410 shares in its portfolio. Allianz Asset Mngmt Ag accumulated 114,740 shares or 0% of the stock. Pnc Financial Group Incorporated Inc has 0% invested in the company for 1,262 shares. Metropolitan Life Commerce New York owns 53,307 shares or 0% of their US portfolio.

Insider Transactions: Since July 19, 2016, the stock had 0 insider purchases, and 15 insider sales for $5.82 million net activity. Soder Douglas L sold $1.31 million worth of stock. Shares for $50,215 were sold by Weber Daniel J. 70,000 shares with value of $732,375 were sold by Chung Tai Keung on Monday, August 1. Shares for $508,895 were sold by ALDER KENTON K. Shares for $331,493 were sold by Barber Brian W. Hardwick William Kent sold $4,232 worth of stock or 400 shares. Another trade for 24,924 shares valued at $263,571 was sold by Princiotta Anthony J.

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.

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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