TTM Technologies (TTMI) is Reiterated by Needham to Buy, Raises Price Target to $ 12

TTM Technologies (TTMI) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 12 from a previous price target of $10 . Needham advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on TTM Technologies. Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $9.50 .

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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