TTM Technologies (TTMI) is Reiterated by Stifel to Buy, Raises Price Target to $ 11

TTM Technologies (TTMI) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $9.50 . Stifel advised their investors in a research report released on Jul 28, 2016.

On the company’s financial health, TTM Technologies reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.18. The company had revenue of $601.80 million for the quarter, compared to analysts expectations of $601.48 million. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

TTM Technologies opened for trading at $9.14 and hit $9.98 on the upside on Thursday, eventually ending the session at $9.56, with a gain of 12.47% or 1.06 points. The heightened volatility saw the trading volume jump to 38,77,418 shares. Company has a market cap of $958 M.

In a different news, on Jun 28, 2016, Philip Titterton (officer ) sold 737 shares at $7.61 per share price. According to the SEC, on Jun 28, 2016, Tony Sanchez (Vice President & Controller) sold 695 shares at $7.62 per share price. On Jun 28, 2016, Anthony J Princiotta (officer ) sold 2,325 shares at $7.62 per share price, according to the Form-4 filing with the securities and exchange commission.

TTM Technologies Inc. is a provider of printed circuit board (PCB) products and backplane assemblies which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific which consists of five PCB fabrication plants and North America which consists of seven domestic PCB fabrication plants including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants and one backplane assembly plant in Shanghai China which is managed in conjunction with its United States operations. It 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 high-end computing and industrial/medical industries.

TTM Technologies

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