Price Action Alert: Is Selling TTM Technologies, Inc. Here a Winning Strategy?

Price Action Alert: Is Selling TTM Technologies, Inc. Here a Winning Strategy?

The stock of TTM Technologies, Inc. (NASDAQ:TTMI) is a huge mover today! About 2.63M shares traded hands or 62.35% up from the average. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 112.54% since April 13, 2016 and is uptrending. It has outperformed by 108.61% the S&P500.
The move comes after 5 months negative chart setup for the $1.38B company. It was reported on Nov, 15 by Barchart.com. We have $12.52 PT which if reached, will make NASDAQ:TTMI worth $82.80M less.

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. As per Monday, January 11, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating given by Needham on Thursday, August 6. As per Monday, August 10, the company rating was upgraded by Stifel Nicolaus. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Buy” rating given on Thursday, October 27 by Needham. The stock has “Sell” rating given by TheStreet on Friday, September 4.

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 dived, 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.
Credit Suisse Ag, a Switzerland-based fund reported 160,982 shares. Blackrock Fund Advisors reported 4.41M shares or 0.01% of all its holdings. Stifel Fin, a Missouri-based fund reported 10,100 shares. Jpmorgan Chase & Company last reported 0% of its portfolio in the stock. Dreman Value Mngmt L L C holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 323 shares. Financial Bank Of Ny Mellon Corp has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Deere And Company reported 15,273 shares or 0.01% of all its holdings. The Maryland-based Proshare Advsrs Limited Liability Co has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). The Michigan-based Comerica Commercial Bank has invested 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). Pnc Financial has 0% invested in the company for 1,262 shares. Goldman Sachs Gp has 151,632 shares for 0% of their US portfolio. Thrivent Fincl For Lutherans, a Minnesota-based fund reported 31,550 shares. Fmr Llc holds 9.15M shares or 0.01% of its portfolio. Nomura Holdings accumulated 422,854 shares or 0.01% of the stock. Moreover, State Street has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 1.17 million shares.

Insider Transactions: Since July 19, 2016, the stock had 0 buys, and 15 selling transactions for $5.82 million net activity. $106,624 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Weber Daniel J. 70,000 TTM Technologies, Inc. (NASDAQ:TTMI) shares with value of $732,375 were sold by Chung Tai Keung. $331,493 worth of shares were sold by Barber Brian W on Friday, August 5. 30,000 shares were sold by ALDER KENTON K, worth $312,550 on Monday, August 1. $357,300 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Soder Douglas L on Monday, October 24. On Tuesday, August 16 the insider Hardwick William Kent sold $4,232. Another trade for 24,924 shares valued at $263,571 was made by Princiotta Anthony J on Tuesday, August 9.

More recent TTM Technologies, Inc. (NASDAQ:TTMI) news were published by: Fool.com which released: “Why TTM Technologies Shares Got Crushed Today” on November 15, 2016. Also Fool.com published the news titled: “Why TTM Technologies, Inc. Is Rising Today” on October 27, 2016. Forbes.com‘s news article titled: “TTM Technologies Reaches Analyst Target Price” with publication date: October 28, 2016 was also an interesting one.

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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