There was a discernible increase in the number of short positions taken on TTM Technologies, Inc. during December. As of December 30, there were 1,960,000 shares available for a short sale, representing an increase of 28.9% over the previous day’s total of 1,520,000 shares available for a short sale. The market is home to short sales, representing 2.0% of the company’s total shares. Based on an average daily trading volume of 514,800 shares, the current short-interest ratio can be expressed as 3.8 days. This number is the result of a calculation based on previous data.
On November 2, the most recent earnings report for TTM Technologies, Inc., which trades under the ticker symbol TTMI, was released to the public. The information technology company’s quarterly earnings of $0.52 per share (EPS) were $0.12 more than the consensus forecast of $0.40 per share, which was achieved by outperforming the estimate by $0.12. The return on equity for TTM Technologies was 10.72%, and the net margin for the company was 3.92%. According to the analysts’ projections, the upcoming quarter’s revenue for the company is expected to fall between $675.51 million and $671.10 million. The company’s quarterly earnings came in at $0.29 per share, compared to the results from the previous year’s same quarter. The company reported a quarterly revenue increase of 20.5% compared to the same quarter in the previous fiscal year. TTM Technologies is expected to generate earnings of $1.57 per share during the current fiscal year, according to projections made by equity market specialists.
Recently, several hedge funds altered the total amount of TTMI they were holding after making changes to the amount they were holding. The amount of stock held by Ronald Blue Trust Inc. that TTM Technologies contributed saw a total increase of 286.3% during the fourth quarter. Ronald Blue Trust Inc. now has a total of 2,345 shares in the technology company after purchasing an additional 1,738 shares during the most recent quarter. The value of Ronald Blue Trust Inc.’s stock in the technology company is currently $31,000. During the second quarter, Quadrant Capital Group LLC made a 345.1 percent increase in the number of TTM Technologies shares it owned, bringing its total percentage to 100. Quadrant Capital Group LLC had acquired 2,564 shares of the technology company’s stock as of the close of business during the most recent fiscal quarter. The total value of these shares was $32,000. During the third quarter of 2018, Wipfli Financial Advisors LLC invested approximately 35,000 dollars into a new stake they had established in TTM Technologies. Nomura Asset Management Co. Ltd. increased the proportion of TTM Technologies shares it owned by 42.1% during the third quarter. Nomura Asset Management Co. Ltd. now has 2,700 shares of the technology company’s stock, valued at $36,000, after purchasing an additional 800 shares during the most recent quarter. These shares were purchased after Nomura Asset Management Co. Ltd. Last. Still, not least, during the second quarter, Larson Financial Group LLC made a new investment in TTM Technologies by contributing $49,000. This was the company’s first investment in the company. A total of 96.70 percent of the company’s shares are held collectively by hedge funds and other institutional investors.
The price of TTMI increased by $0.24 throughout Friday’s trading sessions, bringing it up to $16.94 overall. Only 4,327 of the company’s shares were traded, which is a significantly lower volume than the typical volume of 367,684 shares traded by the company. The company’s market capitalization is currently sitting at $1.73 billion, its price-to-earnings ratio stands at 17.77, and its beta stands at 1.46. Among the various financial ratios that have been computed is a quick ratio of 1.66, a current ratio of 1.94, and a debt-to-equity ratio of 0.61. During the past year, the share price of TTM Technologies has ranged from $9.76 to $17.49, marking both a new low and a new high. At the moment, the company’s share price is trading at $15.64, which is higher than its 50-day and 200-day moving averages, which are both set at $14.79.
Throughout the past few years, there has been an explosion of research articles centered on TTMI. In a research report released on Friday, January 13, by StockNews.com, the rating for TTM Technologies was changed from “strong-buy” to “buy.” The recommendation for TTM Technologies was also changed to “buy.” The analysis can be found on the website. Needham & Company LLC gave the company a “buy” rating in a research report published on Thursday, November 3, and lowered their price objective on TTM Technologies from $19.00 to $18.00. The report was distributed to the general public. A recommendation to “buy” the company was included in the research as well.
Printed circuit boards, also known as PCBs, are manufactured by TTM Technologies, I
