JP Morgan Maintains TTM Technologies to Overweight with Price Target $11.00

Brokerage firm JP Morgan Maintains its rating on TTM Technologies(NASDAQ:TTMI). In a research note issued to the investors, the brokerage major Raises the price-target to $11.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Jun 10, 2016.

TTM Technologies (TTMI) remained unchanged at the close of Wednesday session. Even as the volume increased to 2,92,743 ,the shares failed to make any impression and ended at 0 points or 0.00% at $7.81. The trading session commenced at $7.87 and the stock hit a high of $8.09 and touched $7.8 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $10.77 and the 52-week low is $4.67. The company has a market cap of $782 M and has approximately 10,01,65,908 outstanding shares.

TTM Technologies(TTMI) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $583.26M. Analysts had an estimated revenue of $584.97M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Philip Titterton (officer ) sold 9,182 shares at $6.29 per share price.Also, On Mar 1, 2016, Tony Sanchez (Vice President & Controller) sold 10,199 shares at $6.31 per share price.On Feb 5, 2016, Douglas L Soder (officer ) sold 12,600 shares at $5.35 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.

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