Needham analyst James Ricchiuti reiterated a Buy rating on TTM Technologies (TTMI – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $13.70.
According to TipRanks, Ricchiuti is a 5-star analyst with an average return of 14.4% and a 57.20% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Stratasys, Symbotic, and Coherent Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TTM Technologies with a $13.33 average price target.
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Based on TTM Technologies’ latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $544.44 million and a GAAP net loss of $5.81 million. In comparison, last year the company earned a revenue of $581.26 million and had a net profit of $17.25 million
Based on the recent corporate insider activity of 55 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.
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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 Announces Closing of New Term Loan Facility and New U.S. ABL Facility
- TTM Technologies, Inc. Announces Upcoming Conference Participation
- TTM Technologies, Inc. To Exhibit at the International Electronics Circuit Exhibition in Shenzhen, China
- TTM Technologies, Inc. Board of Directors Approves $100 million Share Repurchase Program
- TTM Technologies sees Q2 EPS 17c-23c, consensus 28c
