Is Selling TTM Technologies, Inc. Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling TTM Technologies, Inc. Here a Winning Strategy? Option Traders Hate The Stock

In today’s session TTM Technologies, Inc. (TTMI) recorded an unusually high (140) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious TTMI decrease. With 140 contracts traded and 354 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: TTMI161216P00012500 closed last at: $0.5 or 9.1% down. About 2.52 million shares traded hands. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 94.54% since April 18, 2016 and is uptrending. It has outperformed by 90.11% 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. The rating was maintained by Stifel Nicolaus on Monday, January 11 with “Buy”. The rating was downgraded by TheStreet on Friday, September 4 to “Sell”. The stock has “Buy” rating given by Needham on Thursday, October 27. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Hold” rating by Stifel Nicolaus on Monday, August 10. The company was maintained on Thursday, August 6 by Needham.

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 increased to 3.22 in Q2 2016. Its up 1.76, from 1.46 in 2016Q1. The ratio increased, 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.
Pnc Fin Ser Grp Incorporated Incorporated, a Pennsylvania-based fund reported 1,262 shares. Moreover, Adams Diversified Equity Fund has 0.03% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 57,400 shares. Aqr Limited Liability Corp accumulated 0% or 52,545 shares. Engineers Gate Manager Ltd Partnership owns 16,951 shares or 0.01% of their US portfolio. Pub Sector Pension Invest Board has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Proshare Advsrs Lc accumulated 0% or 10,325 shares. D E Shaw And Commerce Incorporated has 0% invested in the company for 143,945 shares. Profund Llc has 0.01% invested in the company for 21,528 shares. Legal General Grp Public Limited Company owns 9,410 shares or 0% of their US portfolio. Jacobs Levy Equity Mgmt holds 64,544 shares or 0.01% of its portfolio. Stevens Cap Mngmt L P holds 45,832 shares or 0.01% of its portfolio. Ny State Common Retirement Fund holds 53,900 shares or 0% of its portfolio. Bnp Paribas Arbitrage accumulated 0.01% or 186,138 shares. State Of Wisconsin Board, a Wisconsin-based fund reported 663,934 shares. The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI).

Insider Transactions: Since July 19, 2016, the stock had 0 buys, and 15 sales for $5.82 million net activity. Weber Daniel J also sold $106,624 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, August 1. ALDER KENTON K sold $508,895 worth of stock or 50,000 shares. $4,232 worth of shares were sold by Hardwick William Kent on Tuesday, August 16. $331,493 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Barber Brian W. Another trade for 24,924 shares valued at $263,571 was sold by Princiotta Anthony J. Another trade for 70,000 shares valued at $732,375 was made by Chung Tai Keung on Monday, August 1. 30,000 shares were sold by Soder Douglas L, worth $357,300.

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). The company has a market cap of $1.35 billion. The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. It has a 35.14 P/E ratio. 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.

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.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment