TTM Technologies Inc (TTMI) – key numbers that make it a Strong Buy For Now

TTM Technologies Inc (NASDAQ: TTMI) is 3.10% higher on its value in year-to-date trading and has touched a low of $11.13 and a high of $16.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TTMI stock was last observed hovering at around $16.12 in the last trading session, with the day’s gains setting it 0.18%.

Currently trading at $16.30, the stock is 12.20% and 9.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 1.12% at the moment leaves the stock 17.92% off its SMA200. TTMI registered 19.94% gain for a year compared to 6-month gain of 12.49%. The firm has a 50-day simple moving average (SMA 50) of $0.98 and a 200-day simple moving average (SMA200) of $8.24.

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The stock witnessed a 10.43% loss in the last 1 month and extending the period to 3 months gives it a 18.03%, and is 15.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 2.96% over the month.

Fwd P/E is 9.46. Profit margin for the company is -0.84%. Distance from 52-week low is 46.45% and 0.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.77%).

TTM Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $551.76M over the same period.The EPS is expected to grow by 9.59% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.

TTM Technologies Inc (TTMI) Top Institutional Holders

289 institutions hold shares in TTM Technologies Inc (TTMI), with institutional investors hold 100.59% of the company’s shares. The shares outstanding are 102.23M, and float is at 99.41M with Short Float at 2.03%. Institutions hold 98.91% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 16.24 million shares valued at $225.8 million. The investor’s holdings represent 15.64% of the TTMI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.77 million shares valued at $191.36 million to account for 13.25% of the shares outstanding. The other top investors are Thrivent Financial For Lutherans which holds 9.32 million shares representing 8.97% and valued at over $129.57 million, while Dimensional Fund Advisors LP holds 7.81% of the shares totaling 8.12 million with a market value of $112.8 million.

TTM Technologies Inc (TTMI) Insider Activity

A total of 5 insider transactions have happened at TTM Technologies Inc (TTMI) in the last six months, with sales accounting for 4 and purchases happening 1 times. The most recent transaction is an insider sale by SANCHEZ TONY,the company’sVP, Corporate Controller. SEC filings show that SANCHEZ TONY sold 191 shares of the company’s common stock on Feb 02 at a price of $14.15 per share for a total of $2703.0. Following the sale, the insider now owns 22928.0 shares.

TTM Technologies Inc disclosed in a document filed with the SEC on Nov 16 that Farrell Robert P. (President C&C) sold a total of 653 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $14.54 per share for $9495.0. Following the transaction, the insider now directly holds 20759.0 shares of the TTMI stock.

Still, SEC filings show that on Aug 22, Powers Shawn A. (EVP, Human Resources) disposed off 10,000 shares at an average price of $14.95 for $0.15 million. The insider now directly holds 85,807 shares of TTM Technologies Inc (TTMI).

TTM Technologies Inc (TTMI): Who are the competitors?

The company’s main competitors (and peers) include Sigmatron International Inc. (SGMA) that is trading -14.32% down over the past 12 months. Benchmark Electronics Inc. (BHE) that is 20.87% higher over the same period.