TTM Technologies (NASDAQ:TTMI) Now Covered by Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus began coverage on shares of TTM Technologies (NASDAQ:TTMI - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $33.00 price target on the technology company's stock. Stifel Nicolaus' price objective indicates a potential upside of 24.88% from the company's current price.

Separately, Needham & Company LLC upped their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded up $0.27 during midday trading on Tuesday, reaching $26.43. 320,769 shares of the company traded hands, compared to its average volume of 756,514. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies has a 12 month low of $13.43 and a 12 month high of $30.41. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 48.89 and a beta of 1.19. The firm's fifty day moving average price is $25.21 and its two-hundred day moving average price is $21.97.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, equities analysts expect that TTM Technologies will post 1.74 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other news, insider Jeff Jankowsky sold 5,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares of the company's stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 60,653 shares of company stock worth $1,525,165. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning purchased a new stake in TTM Technologies during the 2nd quarter valued at about $330,000. Sanctuary Advisors LLC purchased a new stake in TTM Technologies during the 2nd quarter valued at about $543,000. GAMMA Investing LLC boosted its holdings in TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock valued at $29,000 after acquiring an additional 642 shares during the period. Wedge Capital Management L L P NC boosted its holdings in TTM Technologies by 2.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 142,772 shares of the technology company's stock valued at $2,606,000 after acquiring an additional 3,385 shares during the period. Finally, nVerses Capital LLC purchased a new stake in TTM Technologies during the 3rd quarter valued at about $148,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

About TTM Technologies

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.