TTM Technologies (NASDAQ:TTMI) Reaches New 52-Week High at $16.76

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $16.76 and last traded at $16.60, with a volume of 193102 shares traded. The stock had previously closed at $14.77.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $19.00 price target on shares of TTM Technologies in a research note on Thursday. Stifel Nicolaus upgraded shares of TTM Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $15.00 to $19.00 in a research report on Thursday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $18.17.

TTM Technologies Trading Up 12.7 %

The stock's fifty day simple moving average is $14.75 and its 200 day simple moving average is $14.56. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.69 billion, a PE ratio of -90.99 and a beta of 1.37.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. The firm had revenue of $569.04 million during the quarter, compared to analysts' expectations of $572.03 million. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The company's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.28 earnings per share for the current year.

Insider Transactions at TTM Technologies

In related news, insider Tom Clapprood sold 3,500 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the transaction, the insider now directly owns 52,264 shares of the company's stock, valued at $861,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in TTM Technologies by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,299,477 shares of the technology company's stock valued at $131,216,000 after purchasing an additional 121,498 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in TTM Technologies by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,941,612 shares of the technology company's stock valued at $30,697,000 after purchasing an additional 96,265 shares during the last quarter. Invesco Ltd. lifted its position in TTM Technologies by 2.7% during the third quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company's stock valued at $19,043,000 after purchasing an additional 39,445 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in TTM Technologies by 58.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company's stock valued at $18,354,000 after purchasing an additional 525,000 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in TTM Technologies during the third quarter valued at $13,051,000. Institutional investors own 95.79% of the company's stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.