Stock of the Day: Will TTM Technologies, Inc. Run Out of Steam Soon?

Stock of the Day: Will TTM Technologies, Inc. Run Out of Steam Soon?

The stock of TTM Technologies, Inc. (NASDAQ:TTMI) hit a new 52-week high and has $18.34 target or 38.00% above today’s $13.29 share price. The 6 months bullish chart indicates low risk for the $1.32 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $18.34 price target is reached, the company will be worth $501.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 375,786 shares traded hands. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 98.47% since April 5, 2016 and is uptrending. It has outperformed by 96.51% the S&P500.

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

Out of 4 analysts covering TTM Tech (NASDAQ:TTMI), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. TTM Tech has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Needham maintained the shares of TTMI in a report on Thursday, October 27 with “Buy” rating. The company was downgraded on Friday, September 4 by TheStreet. Stifel Nicolaus maintained it with “Buy” rating and $9.50 target price in Monday, January 11 report. The rating was maintained by Needham on Thursday, August 6 with “Buy”. As per Monday, August 10, the company rating was upgraded by Stifel Nicolaus.

According to Zacks Investment Research, “TTM Technologies, Inc. provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. Its printed circuit boards serve as the foundation of electronic products such as routers, switches, computer memory modules and communications infrastructure equipment. Its customers include manufacturers of these electronic products and their suppliers. Its customers primarily serve such rapidly growing segments of the electronics industry as networking, high-end computing, including servers, and computer peripherals.”

Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 0.04, from 1.5 in 2016Q1. The ratio dropped, as 27 funds sold all TTM Technologies, Inc. shares owned while 27 reduced positions. 23 funds bought stakes while 56 increased positions. They now own 70.54 million shares or 0.69% more from 70.06 million shares in 2016Q1.
Blackrock holds 17,945 shares or 0% of its portfolio. Pinebridge Invests Lp reported 8,257 shares or 0% of all its holdings. Invesco Limited accumulated 0% or 427,018 shares. Fmr Lc has 9.15 million shares for 0.01% of their US portfolio. Citadel Advsr Ltd Liability Corporation accumulated 0% or 17,386 shares. Tci Wealth Advisors owns 89 shares or 0% of their US portfolio. Nationwide Fund Advsr holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 67,951 shares. Panagora Asset Mgmt owns 646,597 shares or 0.02% of their US portfolio. Architects has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Barclays Public Ltd Llc, a United Kingdom-based fund reported 49,400 shares. The Illinois-based Envestnet Asset Management has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). Systematic Mngmt L P reported 229,319 shares or 0.02% of all its holdings. Clarivest Asset Limited Liability Company holds 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 22,579 shares. Great West Life Assurance Can has 0% invested in the company for 2,519 shares. Livforsakringsbolaget Skandia Omsesidigt last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 insider sales for $5.82 million net activity. 98,762 shares were sold by Soder Douglas L, worth $1.31M. ALDER KENTON K sold $119,831 worth of stock. Weber Daniel J sold 4,565 shares worth $50,215. Barber Brian W sold 31,841 shares worth $331,493. On Tuesday, August 9 the insider Princiotta Anthony J sold $263,571. Shares for $732,375 were sold by Chung Tai Keung on Monday, August 1. $4,232 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Hardwick William Kent on Tuesday, August 16.

More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Fool.com, which released: “Why TTM Technologies, Inc. Is Rising Today” on October 27, 2016. Forbes.com‘s article titled: “TTM Technologies Reaches Analyst Target Price” and published on October 28, 2016 is yet another important article.

TTMI Company Profile

TTM Technologies, Inc., incorporated on June 21, 2005, is a maker of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. The Firm serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries. The Company’s clients include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The Firm offers a range of PCB products, including high density interconnect (HDI) PCBs, conventional PCBs, flexible PCBs, rigid-flex PCBs, backplane assemblies and integrated circuits (IC) substrates. It also offers certain services to support its customers’ needs, which include design for manufacturability (DFM) support during new product introduction stages; PCB layout design; simulation and testing services; QTA production, and drilling and routing services.

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