TTM Technologies (NASDAQ:TTMI) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of TTM Technologies (NASDAQ:TTMI) from a strong sell rating to a sell rating in a research note published on Saturday, June 29th, BidAskClub reports.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Haynes International from a hold rating to a sell rating in a report on Wednesday, May 8th. TheStreet downgraded shares of WESCO International from a b- rating to a c+ rating in a report on Friday, May 24th. ValuEngine cut shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. Finally, Needham & Company LLC restated a hold rating on shares of KLA-Tencor in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $23.00.

NASDAQ TTMI remained flat at $$9.48 during trading on Friday. 642,312 shares of the company’s stock traded hands, compared to its average volume of 826,745. The company has a market cap of $999.77 million, a price-to-earnings ratio of 6.87 and a beta of 2.53. The company has a quick ratio of 1.74, a current ratio of 1.92 and a debt-to-equity ratio of 1.21. TTM Technologies has a 1-year low of $8.49 and a 1-year high of $19.91. The firm’s 50 day moving average price is $9.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $620.20 million for the quarter, compared to the consensus estimate of $628.46 million. TTM Technologies had a net margin of 5.71% and a return on equity of 13.44%. Equities analysts expect that TTM Technologies will post 0.36 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund raised its position in shares of TTM Technologies by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 60,382 shares of the technology company’s stock valued at $588,000 after buying an additional 2,325 shares during the last quarter. Mackay Shields LLC bought a new stake in TTM Technologies in the fourth quarter worth $206,000. 6 Meridian bought a new stake in TTM Technologies in the first quarter worth $216,000. US Bancorp DE boosted its stake in TTM Technologies by 27.2% during the first quarter. US Bancorp DE now owns 78,966 shares of the technology company’s stock worth $926,000 after buying an additional 16,862 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in TTM Technologies by 370.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,523 shares of the technology company’s stock worth $297,000 after buying an additional 24,029 shares during the period.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers 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.

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