Stifel Nicolaus Maintains TTM Technologies to Buy with Price Target $11.00

Brokerage firm Stifel Nicolaus 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 Buy. The rating by Stifel Nicolaus was issued on Jul 28, 2016.

In a different note, On Jun 10, 2016, JP Morgan said it Maintains its rating on TTM Technologies. In the research note, the firm Raises the price-target to $10.50 per share. The shares have been rated ‘Overweight’ by the firm.

TTM Technologies (TTMI) shares turned negative on Thursdays trading session with the shares closing down -0.09 points or -0.88% at a volume of 18,81,461. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.46. The peak price level was also seen at $10.46 while the days lowest was $10.14. Finally the shares closed at $10.17. The 52-week high of the shares is $10.59 while the 52-week low is $4.67. According to the latest information available, the market cap of the company is $1,019 M.

TTM Technologies(TTMI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $601.85M. Analysts had an estimated revenue of $601.48M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Philip Titterton (officer ) sold 737 shares at $7.61 per share price.Also, 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.

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