Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. On June 2 the company was upgraded to "Overweight" from "Neutral" and a price target of $12.50 was set by analysts at JP Morgan. Eqis Capital Management Inc.'s holdings in TTM Technologies were worth $215,000 at the end of the most recent reporting period.
A number of other research analysts also recently commented on TTMI. In the last three months, insiders have sold 14,074 shares of company stock valued at $249,890. FMR LLC boosted its stake in TTM Technologies by 111.0% in the first quarter. Parametric Portfolio Associates LLC now owns 288,493 shares valued at $5,008,000. Fox Run Management L.L.C. acquired a new position in TTM Technologies during the second quarter valued at $306,000. Principal Financial Group Inc. boosted its stake in shares of TTM Technologies by 3.0% in the first quarter. LSV Asset Management now owns 2,508,368 shares of the technology company's stock worth $43,545,000 after buying an additional 2,084,668 shares during the last quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company's stock valued at $150,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.
Moreover, Legal & General Group Plc has 0% invested in TTM Technologies, Inc. (TTMI) traded down 1.72% during midday trading on Friday, hitting $13.12. 857,740 shares of the company traded hands. The company has a market cap of $1.44B and its 12 month revenue was nearly $2.60B. The stock's 50 day moving average is $17.53 and its 200 day moving average is $16.61.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, August 2nd. As of the last earnings report the EPS was $0.71 and is projected to be $1.53 for the current year with 101,814,000 shares now outstanding. The business had revenue of $627.20 million for the quarter, compared to analysts' expectations of $625.43 million.
For a profitability analysis, there is the 17.00% gross margin and the 3.00% net margin to consider. During the same quarter past year, the company earned $0.28 EPS. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well.
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Eastern Bank Acquires 135 Shares of Marathon Oil Corporation (MRO)
On December 15, 2016 the stock rating was rated "Neutral" in a report from Nomura which was a cut from the previous "Buy" rating. Qci Asset Management New York owns 224 shares. 726 shares were sold by Jones Myrtle L, worth $38,209 on Wednesday, March 8.
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Let's take a look at how the stock has been performing recently.
TTM Technologies, Inc. was upgraded to "strong buy" by analysts at Needham & Company. Finally, TheStreet raised shares of TTM Technologies from a c rating to a b- rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock.
In other news, SVP Daniel J. Weber sold 3,605 shares of the firm's stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $18.43, for a total value of $55,290.00. Following the completion of the sale, the senior vice president now owns 48,270 shares in the company, valued at approximately $864,998.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. The disclosure for this sale can be found here.
TTM Technologies, Inc.is a manufacturer of printed circuit board products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions).