Tuesday, October 27, 2020

Needham Upgrade TTM Technologies Inc. [TTMI]. What else is Wall St. saying?

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TTM Technologies Inc. [NASDAQ: TTMI] closed the trading session at $10.92 on 09/10/20. The day’s price range saw the stock hit a low of $10.835, while the highest price level was $11.1805.

The stocks have a year to date performance of -27.44 percent and weekly performance of -8.20 percent. The stock has been moved at 12.00 percent over the last six months. The stock has performed -9.75 percent around the most recent 30 days and changed -3.36 percent over the most recent 3-months.

If compared to the average trading volume of 1.15M shares, TTMI reached to a volume of 1551915 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about TTM Technologies Inc. [TTMI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTMI shares is $15.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTMI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for TTM Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 02, 2020. The new note on the price target was released on March 11, 2020, representing the official price target for TTM Technologies Inc. stock. Previously, the target price had yet another raise from $13 to $16, while JP Morgan kept a Overweight rating on TTMI stock.

The Average True Range (ATR) for TTM Technologies Inc. is set at 0.36, with the Price to Sales ratio for TTMI stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 0.80. Price to Free Cash Flow for TTMI in the course of the last twelve months was 5.66 with Quick ratio for the last quarter at 1.50.

TTMI stock trade performance evaluation

TTM Technologies Inc. [TTMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.20. With this latest performance, TTMI shares dropped by -9.75% in over the last four-week period, additionally plugging by 12.00% over the last 6 months – not to mention a drop of -9.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTMI stock in for the last two-week period is set at 38.29, with the RSI for the last a single of trading hit 35.53, and the three-weeks RSI is set at 41.11 for TTM Technologies Inc. [TTMI]. The present Moving Average for the last 50 days of trading for this stock 11.79, while it was recorded at 11.00 for the last single week of trading, and 12.31 for the last 200 days.

TTM Technologies Inc. [TTMI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and TTM Technologies Inc. [TTMI] shares currently have an operating margin of +4.99 and a Gross Margin at +13.14. TTM Technologies Inc.’s Net Margin is presently recorded at +1.54.

Return on Total Capital for TTMI is now 4.88, given the latest momentum, and Return on Invested Capital for the company is 1.59. Return on Equity for this stock inclined to 3.30, with Return on Assets sitting at 1.18. When it comes to the capital structure of this company, TTM Technologies Inc. [TTMI] has a Total Debt to Total Equity ratio set at 117.33. Additionally, TTMI Total Debt to Total Capital is recorded at 53.99, with Total Debt to Total Assets ending up at 42.14. Long-Term Debt to Equity for the company is recorded at 97.14, with the Long-Term Debt to Total Capital now at 44.70.

Reflecting on the efficiency of the workforce at the company, TTM Technologies Inc. [TTMI] managed to generate an average of $1,607 per employee. Receivables Turnover for the company is 3.36 with a Total Asset Turnover recorded at a value of 0.77.TTM Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for TTM Technologies Inc. [TTMI] stock

With the latest financial reports released by the company, TTM Technologies Inc. posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.38/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TTM Technologies Inc. go to 9.36%.

TTM Technologies Inc. [TTMI]: Insider Ownership positions

There are presently around $1,311 million, in the hands of institutional investors. The top three institutional holders of TTMI stocks are: BLACKROCK INC. with ownership of 14,950,728, which is approximately 0.573% of the company’s market cap and around 2.10% of the total institutional ownership; FMR LLC, holding 13,746,778 shares of the stock with an approximate value of $150.12 million in TTMI stocks shares; and VANGUARD GROUP INC, currently with $120.59 million in TTMI stock with ownership of nearly 2.723% of the company’s market capitalization.

Positions in TTM Technologies Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 97 institutional holders increased their position in TTM Technologies Inc. [NASDAQ:TTMI] by around 9,107,939 shares. Additionally, 71 investors decreased positions by around 4,660,449 shares, while 35 investors held positions by with 106,332,253 shares. The mentioned changes placed institutional holdings at 120,100,641 shares, according to the latest SEC report filing. TTMI stock had 27 new institutional investments in for a total of 2,250,556 shares, while 13 institutional investors sold positions of 165,696 shares during the same period.

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