Deutsche Bank: Time To Buy TTM Technologies (NASDAQ:TTMI)? Has $19 Valuation Target

June 14, 2018 - By reb123z

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.27, from 1.14 in 2017Q4. It dropped, as 29 investors sold TTM Technologies, Inc. shares while 74 reduced holdings. 26 funds opened positions while 64 raised stakes. 105.33 million shares or 1.56% more from 103.71 million shares in 2017Q4 were reported.

Prudential Financial Inc has invested 0.02% in TTM Technologies, Inc. (NASDAQ:TTMI). Schroder Mgmt Gp reported 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Arizona State Retirement has invested 0.02% in TTM Technologies, Inc. (NASDAQ:TTMI). American Century Inc has 426,582 shares. State Common Retirement Fund reported 98,800 shares or 0% of all its holdings. Equitec Specialists Limited Liability Company holds 0% or 600 shares in its portfolio. Tocqueville Asset Mngmt Lp accumulated 1.71M shares. Ny State Teachers Retirement Sys stated it has 139,173 shares or 0.01% of all its holdings. Manufacturers Life Insur The owns 452,038 shares or 0.01% of their US portfolio. Los Angeles & Equity Rech Inc reported 79,178 shares. Metropolitan Life Insur New York holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 30,523 shares. Huntington Bank invested in 328 shares. Employees Retirement Systems Of Texas reported 35,000 shares. Willingdon Wealth holds 0% or 285 shares in its portfolio. Sei Company has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI).

Since December 15, 2017, it had 0 insider buys, and 13 sales for $2.65 million activity. Hardwick William Kent sold 2,000 shares worth $31,325. $156,997 worth of stock was sold by Barber Brian W on Thursday, June 7. SANCHEZ TONY also sold $63,960 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares. On Tuesday, March 6 Weber Daniel J sold $137,159 worth of TTM Technologies, Inc. (NASDAQ:TTMI) or 8,630 shares. Chung Tai Keung sold 105,324 shares worth $1.70 million. $141,397 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Titterton Philip.

Why Has Deutsche Bank Given TTM Technologies (NASDAQ:TTMI) a $19 Price Target

New York: TTM Technologies (NASDAQ:TTMI) coverage was initiated with a key ‘Hold’ rating as well as a $19 target price per share at Deutsche Bank. The TP by Deutsche Bank indicates upside of 1.33 % from the last close price.

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

Among 3 analysts covering TTM Technologies (NASDAQ:TTMI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TTM Technologies has $20.0 highest and $18.0 lowest target. $19.33’s average target is 3.09% above currents $18.75 stock price. TTM Technologies had 4 analyst reports since February 8, 2018 according to SRatingsIntel. SunTrust maintained the shares of TTMI in report on Thursday, February 8 with “Buy” rating. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Buy” rating by Stifel Nicolaus on Friday, May 25. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, February 8. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Buy” rating by J.P. Morgan on Thursday, February 8.

The stock decreased 2.85% or $0.55 during the last trading session, reaching $18.75. About 314,559 shares traded. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 4.20% since June 14, 2017 and is uptrending. It has underperformed by 8.37% the S&P500.

Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on August, 1. They expect $0.23 earnings per share, up 27.78 % or $0.05 from last year’s $0.18 per share. TTMI’s profit will be $23.80M for 20.38 P/E if the $0.23 EPS becomes a reality. After $0.09 actual earnings per share reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 155.56 % EPS growth.

TTM Technologies, Inc., together with its subsidiaries, makes printed circuit boards worldwide. The company has market cap of $1.94 billion. It provides a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates. It has a 17.99 P/E ratio. It also produces test specialized circuits that are used in radio-frequency or microwave emission and collection applications; printed circuits with heavy copper cores, and embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores.

More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” and published on June 14, 2018 is yet another important article.

TTM Technologies, Inc. (NASDAQ:TTMI) Institutional Positions Chart

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