What Can We Expect From TTM Tech (NASDAQ:TTMI) After Deutsche Bank’s Latest Coverage?

June 14, 2018 - By Robert Sims

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.27, from 1.14 in 2017Q4. It dropped, as 29 investors sold TTM Technologies, Inc. shares while 74 reduced holdings. 26 funds opened positions while 64 raised stakes. 105.33 million shares or 1.56% more from 103.71 million shares in 2017Q4 were reported.

Tudor Investment Corporation Et Al invested in 0.01% or 19,916 shares. National Bank Of Montreal Can invested in 0% or 264,075 shares. Moreover, Tower Ltd Liability Corp (Trc) has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 860 shares. Massachusetts Financial Co Ma has 42,863 shares for 0% of their portfolio. Manufacturers Life The stated it has 452,038 shares or 0.01% of all its holdings. Proshare Advsrs Limited Liability Company owns 14,666 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt Corp holds 0.01% or 76,200 shares in its portfolio. Profund Advsrs Llc owns 18,457 shares. Dreman Value Mngmt L L C accumulated 19,346 shares. Price T Rowe Associates Incorporated Md, a Maryland-based fund reported 35,132 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,590 shares. Piedmont Investment Advsr Ltd Liability holds 0.01% or 19,687 shares in its portfolio. Bridgeway Cap Mngmt, a Texas-based fund reported 855,855 shares. Numerixs Inv Technology invested in 7,800 shares or 0.03% of the stock. Globeflex Cap Lp has 47,765 shares for 0.15% of their portfolio.

Since December 15, 2017, it had 0 buys, and 13 sales for $2.65 million activity. 3,975 shares were sold by SANCHEZ TONY, worth $63,960 on Monday, February 26. Pereira Jon had sold 6,985 shares worth $112,369. Shares for $31,325 were sold by Hardwick William Kent. Another trade for 3,000 shares valued at $48,285 was made by ALDER KENTON K on Friday, December 15. On Tuesday, June 5 Weber Daniel J sold $19,906 worth of TTM Technologies, Inc. (NASDAQ:TTMI) or 1,076 shares. 105,324 shares were sold by Chung Tai Keung, worth $1.70M.

Why Has Deutsche Bank Given TTM Tech (NASDAQ:TTMI) a $19 Price Target

Deutsche Bank analyst began coverage on TTM Tech (NASDAQ:TTMI) with a $19 target price and Hold rating. The target price indicates a potential upside of 0.90 % from company’s previous stock close.

TTM Technologies, Inc. (NASDAQ:TTMI) Ratings Coverage

Among 3 analysts covering TTM Technologies (NASDAQ:TTMI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TTM Technologies has $20.0 highest and $18.0 lowest target. $19.33’s average target is 2.66% above currents $18.83 stock price. TTM Technologies had 4 analyst reports since February 8, 2018 according to SRatingsIntel. SunTrust maintained TTM Technologies, Inc. (NASDAQ:TTMI) rating on Thursday, February 8. SunTrust has “Buy” rating and $18.0 target. The firm has “Buy” rating given on Thursday, February 8 by Stifel Nicolaus. The rating was maintained by J.P. Morgan on Thursday, February 8 with “Buy”. Stifel Nicolaus maintained TTM Technologies, Inc. (NASDAQ:TTMI) rating on Friday, May 25. Stifel Nicolaus has “Buy” rating and $20 target.

The stock decreased 2.44% or $0.47 during the last trading session, reaching $18.83. About 913,967 shares traded or 5.53% up from the average. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 4.20% since June 15, 2017 and is uptrending. It has underperformed by 8.37% the S&P500.

Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on August, 1. They expect $0.23 earnings per share, up 27.78 % or $0.05 from last year’s $0.18 per share. TTMI’s profit will be $23.79M for 20.47 P/E if the $0.23 EPS becomes a reality. After $0.09 actual earnings per share reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 155.56 % EPS growth.

TTM Technologies, Inc., together with its subsidiaries, makes printed circuit boards worldwide. The company has market cap of $1.95 billion. It provides a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates. It has a 18.07 P/E ratio. It also produces test specialized circuits that are used in radio-frequency or microwave emission and collection applications; printed circuits with heavy copper cores, and embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores.

More recent TTM Technologies, Inc. (NASDAQ:TTMI) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Also Benzinga.com published the news titled: “TTM Technologies Is Fairly Valued, Deutsche Bank Says In Neutral Initiation” on June 14, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” with publication date: June 14, 2018 was also an interesting one.

TTM Technologies, Inc. (NASDAQ:TTMI) Institutional Positions Chart

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