Truist Financial analyst William Stein reiterated a Buy rating on TTM Technologies (TTMI – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $14.77.
Stein covers the Technology sector, focusing on stocks such as Broadcom, Intel, and Monolithic Power. According to TipRanks, Stein has an average return of 28.0% and a 74.85% success rate on recommended stocks.
TTM Technologies has an analyst consensus of Strong Buy, with a price target consensus of $20.00, representing a 35.41% upside. In a report released today, Needham also reiterated a Buy rating on the stock with a $19.00 price target.
Based on TTM Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $572.58 million and a GAAP net loss of $37.07 million. In comparison, last year the company earned a revenue of $671.08 million and had a net profit of $43.53 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTMI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TTM Technologies (TTMI) Company Description:
TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board and Electro-Mechanical Solutions. It offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. The company was founded on March 20, 1978 and is headquartered in Santa Ana, CA.
