Analyst Price Target Update on TTM Technologies (NASDAQ:TTMI)

TTM Technologies (NASDAQ:TTMI): The mean estimate for the short term price target for TTM Technologies (NASDAQ:TTMI) stands at $10.25 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $11 while the lower price target estimate is at $10.

Many analysts have stated their opinion on the company shares. Major Brokerage house, JP Morgan maintains its ratings on TTM Technologies (NASDAQ:TTMI). In the latest research report, JP Morgan raises the target price from $10.5 per share to $11 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on June 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Titterton Philip, officer (See Remarks) of Ttm Technologies Inc, had unloaded 9,182 shares at an average price of $6.29 in a transaction dated on February 26, 2016. The total value of the transaction was worth $57,755.

TTM Technologies (NASDAQ:TTMI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 2.14% at $7.78 with 822,033 shares getting traded. Post opening the session at $7.94, the shares hit an intraday low of $7.78 and an intraday high of $8.01 and the price was in this range throughout the day. The company has a market cap of $779 million and the number of outstanding shares have been calculated to be 100,165,908 shares. The 52-week high of TTM Technologies (NASDAQ:TTMI) is $10.77 and the 52-week low is $4.67.

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 Peoples 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.