TTM Technologies Inc. (NASDAQ: TTMI) Is Getting Increasingly Hard To Ignore


    The Vanguard Group, Inc. recently announced the acquisition of new stake in TTM Technologies Inc. (NASDAQ:TTMI). The institutional investor has increased its shareholding in the Technology company by 0.80% to 10.54 million shares with purchase of 84135.0 shares. This fresh investment now brings its stake to 9.92% valued currently at $125.05 million. In addition, Dimensional Fund Advisors LP raised its holdings by 45018.0 to 8.83 million shares. And Macquarie Investment Management B… has lifted its position by 22.16% or 0.94 million shares – to 5.19 million shares.

    With over 1.19 million TTM Technologies Inc. (TTMI) shares trading Friday and a closing price of $12.31 on the day, the dollar volume was approximately $14.63 million. The shares have shown a positive weekly performance of 5.85% and its price on 07/31/20 lost nearly -0.81%. Currently, there are 105.69M common shares owned by the public and among those 98.73M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for TTMI have a consensus price objective of $14.96. The analysts have set the share’s price value over the next 12 months at a high of $17.75 and a low of $13.00 should the stock experience a downside. Incidentally, analysts’ outlook for the TTM Technologies Inc. stock is 2.00 for the next 12 months. The average price target is 17.6% above its last price level and an upside to the estimated low will see the stock gain 5.31% over that period. But an upside of 30.65% will see the stock hit the forecast high price target while mean target price for the stock is $14.50.

    Insiders at the company have transacted a total of 97 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 548,818 shares. Insider sales of the common stock occurred on 67 occasions, with total insider shares sold totaling 429,429 shares.

    The top 3 mutual fund holders in TTM Technologies Inc. are iShares Core S&P Small Cap ETF, Fidelity Select Port. – Semicondu, and DFA US Small Cap Value Portfolio. iShares Core S&P Small Cap ETF owns 6.06 million shares of the company’s stock, all valued at over $71.92 million. Fidelity Select Port. – Semicondu bought 32100.0 shares to see its total holdings expand to 4.2 million shares valued at over $49.77 million and representing 3.95% of the shares outstanding. DFA US Small Cap Value Portfolio now owns shares totaling to 2.91% of the shares outstanding.

    Shares of TTM Technologies Inc. (NASDAQ: TTMI) opened at $12.46, up $0.05 from a prior closing price of $12.41. However, the script later closed the day at $12.31, down -0.81%. The company’s stock has a 5-day price change of 5.85% and 12.73% over the past three months. TTMI shares are trading -18.21% year to date (YTD), with the 12-month market performance up to 5.57% higher. It has a 12-month low price of $8.06 and touched a high of $16.25 over the same period. Currently, 1.19 million shares have been traded, compared to an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.23%, 5.35%, and -1.00% respectively.

    Institutional ownership of TTM Technologies Inc. (NASDAQ: TTMI) 105.69M shares outstanding. Mutual fund holders own 62.84%, while other institutional holders and individual stakeholders account for 68.13% and 40.65% respectively.

    It has a market capitalization of $1.34B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 34.48, while the earnings-per-share (ttm) stands at $0.36. The company has a PEG of 3.68 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.35% over the week and 3.47% over the month.

    Analysts forecast that TTM Technologies Inc. (TTMI) will achieve an EPS of $0.19 for the current quarter, $0.24 for the next quarter and $1.27 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.37 a year ago. Earnings per share for the fiscal year are expected to decrease by -70.00%, and 68.48% over the next financial year. EPS should shrink at an annualized rate of 9.36% over the next five years, compared to 17.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate TTM Technologies Inc. (TTMI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 1 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the TTMI, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on July 02, 2020, with the firm’s price target at . JP Morgan coverage for the TTM Technologies Inc. (TTMI) stock in a research note released on March 11, 2020 offered a Neutral rating with a price target of $15. JP Morgan was of a view on December 13, 2019 that the stock is Overweight, while B. Riley FBR gave the stock Buy rating on September 05, 2019, issuing a price target of $17.75. JP Morgan on their part issued Neutral rating on August 05, 2019.


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