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

June 14, 2018 - By Jason Grubb

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.27, from 1.14 in 2017Q4. It turned negative, 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.

Vanguard Grp, a Pennsylvania-based fund reported 13.21 million shares. Navellier And invested 0.03% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Morgan Stanley invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Hanson Mcclain accumulated 25 shares. Verition Fund Mgmt Ltd Llc reported 25,596 shares stake. Indexiq Advsrs Ltd Liability Com owns 128,367 shares or 0.06% of their US portfolio. Parallax Volatility Advisers L P owns 9,676 shares. Cipher Capital L P has 0.03% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 17,596 shares. Commercial Bank Of America Corporation De has 642,381 shares for 0% of their portfolio. Palisade Lc Nj invested in 12,000 shares. Connor Clark & Lunn Inv Management Ltd reported 0.04% in TTM Technologies, Inc. (NASDAQ:TTMI). Oppenheimer Asset Management Inc invested in 15,374 shares. Credit Suisse Ag has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 101,359 shares. Bnp Paribas Arbitrage holds 160,127 shares. Swiss National Bank & Trust accumulated 150,200 shares.

Since December 15, 2017, it had 0 buys, and 13 sales for $2.65 million activity. $137,159 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Weber Daniel J. $32,946 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Pereira Jon. Shares for $31,325 were sold by Hardwick William Kent. Chung Tai Keung sold $1.70M worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Wednesday, February 28. Barber Brian W had sold 8,263 shares worth $156,997. SANCHEZ TONY also sold $63,960 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, February 26.

Why Has Deutsche Bank Given TTM Tech (TTMI) a $19.0 Price Target

In a research report revealed to investors and clients on Thursday, 14 June, Deutsche Bank analyst has today has started coverage for TTM Tech (TTMI) shares with a “Hold” rating. The PT is $19.0.

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. (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 $23.79 million 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” 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. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” with publication date: June 14, 2018 was also an interesting one.

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

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