Short Interest Worth Watching: Is Buying Ttm Technologies Incorporated (NASDAQ:TTMI) Here Good Idea?

November 18, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Worth Watching: Is Buying Ttm Technologies Incorporated (NASDAQ:TTMI) Here Good Idea?

The stock of Ttm Technologies Incorporated (NASDAQ:TTMI) registered a decrease of 0.48% in short interest. TTMI’s total short interest was 6.97 million shares in November as published by FINRA. Its down 0.48% from 7.00M shares, reported previously. With 1.07M shares average volume, it will take short sellers 7 days to cover their TTMI’s short positions. The short interest to Ttm Technologies Incorporated’s float is 9.67%. About 269,805 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. 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 $1.37 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 35.47 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.

Insitutional Activity: The institutional sentiment increased to 3.22 in 2016 Q2. 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.
Manufacturers Life Ins Co The has 50,312 shares for 0% of their US portfolio. Fincl Bank Of Nova Scotia holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 103,000 shares. Louisiana State Employees Retirement accumulated 28,800 shares or 0.01% of the stock. Advsr Asset Mgmt Inc has 0% invested in the company for 10,479 shares. Princeton Alpha L P holds 0.05% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 35,661 shares. Schwab Charles Invest has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,066 shares or 0% of the stock. Brandywine Global Investment Mgmt Limited Liability Co, a Pennsylvania-based fund reported 335,860 shares. Oxford Asset reported 27,597 shares or 0.01% of all its holdings. Campbell Invest Adviser Limited has invested 0.61% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Geode Cap Mngmt Lc accumulated 501,366 shares or 0% of the stock. Tiaa Cref Management Ltd Limited Liability Company accumulated 0% or 455,738 shares. Deere And owns 15,273 shares or 0.01% of their US portfolio. Blackrock Fund holds 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 4.41M shares. Brighton Jones Ltd Limited Liability Company has invested 0.02% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI).

Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 sales for $5.82 million net activity. Another trade for 98,762 shares valued at $1.31M was made by Soder Douglas L on Wednesday, November 2. Shares for $508,895 were sold by ALDER KENTON K. Another trade for 10,222 shares valued at $106,624 was made by Weber Daniel J on Monday, August 1. Shares for $732,375 were sold by Chung Tai Keung. 24,924 shares with value of $263,571 were sold by Princiotta Anthony J on Tuesday, August 9. Barber Brian W sold $331,493 worth of stock or 31,841 shares. On Tuesday, August 16 the insider Hardwick William Kent sold $4,232.

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 stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Sell” rating given on Friday, September 4 by TheStreet. The firm has “Buy” rating by Needham given on Thursday, October 27. The firm has “Buy” rating given on Thursday, August 6 by Needham. The firm earned “Hold” rating on Monday, August 10 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of TTMI in a report on Monday, January 11 with “Buy” rating.

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.

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By Winifred Garcia


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