In a report released today, James Ricchiuti from Needham maintained a Buy rating on TTM Technologies (TTMI – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $15.80.
Ricchiuti covers the Technology sector, focusing on stocks such as Coherent Corp, Stratasys, and TTM Technologies. According to TipRanks, Ricchiuti has an average return of 17.4% and a 63.00% success rate on recommended stocks.
In addition to Needham, TTM Technologies also received a Buy from B.Riley Financial’s Mike Crawford in a report issued on January 27. However, on January 26, Stifel Nicolaus downgraded TTM Technologies (NASDAQ: TTMI) to a Hold.
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Based on TTM Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $671.08 million and a net profit of $43.53 million. In comparison, last year the company earned a revenue of $556.78 million and had a net profit of $20.96 million
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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.
Read More on TTMI:
- TTM Technologies, Inc. Announces Consolidation of Manufacturing Footprint
- TTM Technologies, Inc. Reports Fiscal Fourth Quarter and 2022 Results
- TTM Technologies announces SBR to codify Government Security Committee
- TTM Technologies downgraded to Hold from Buy at Stifel
- TTM Technologies, Inc. to Conduct Fourth Quarter and Fiscal Year 2022 Conference Call on February 8, 2023
