Does This Provide a Reason to Buy TTM Technologies, Inc. (TTMI)? The Stock Has Formed Double Top Chart Pattern

October 2, 2018 - By Darrin Black

Investors sentiment increased to 1.05 in 2018 Q2. Its up 0.18, from 0.87 in 2018Q1. It increased, as 26 investors sold TTM Technologies, Inc. shares while 61 reduced holdings. 25 funds opened positions while 66 raised stakes. 107.53 million shares or 2.10% more from 105.33 million shares in 2018Q1 were reported.
285 are owned by Willingdon Wealth. 26,000 were reported by Oppenheimer & Co Inc. Janney Montgomery Scott Ltd Com holds 0% or 26,786 shares. Legal And General Gp Public Limited Company holds 0% or 199,022 shares. Goldman Sachs Group Inc Inc reported 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). 139,721 are owned by New York State Teachers Retirement Systems. Howe And Rusling Inc has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI). Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 7,453 shares. Great West Life Assurance Can invested in 121,040 shares or 0.01% of the stock. Citigroup reported 22,317 shares. Tci Wealth Advsr invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Stone Ridge Asset Mgmt Ltd Limited Liability Company reported 44,684 shares stake. The Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). Vident Invest Advisory Limited Liability owns 158,041 shares or 0.11% of their US portfolio. American Intll Group has invested 0% in TTM Technologies, Inc. (NASDAQ:TTMI).

Since May 29, 2018, it had 0 insider purchases, and 8 insider sales for $754,542 activity. On Thursday, June 7 Barber Brian W sold $156,997 worth of TTM Technologies, Inc. (NASDAQ:TTMI) or 8,263 shares. $18,830 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Weber Daniel J. $58,901 worth of stock was sold by Hardwick William Kent on Monday, August 6. 779 TTM Technologies, Inc. (NASDAQ:TTMI) shares with value of $14,332 were sold by Titterton Philip. SANCHEZ TONY had sold 738 shares worth $13,577. 23,345 shares were sold by Chung Tai Keung, worth $441,206 on Monday, August 6.

The chart of TTM Technologies, Inc. (TTMI) shows a double top with $16.56 target or 5.00 % above today’s $15.77 share price. The 7 months chart pattern indicates low risk for the $1.64 billion company. It was reported on Oct, 2 by Finviz.com. If the $16.56 price target is reached, the company will be worth $81.75 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.88% or $0.14 during the last trading session, reaching $15.77. About 789,107 shares traded or 13.75% up from the average. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 15.91% since October 2, 2017 and is uptrending. It has outperformed by 0.29% the S&P500.

Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on November, 7. They expect $0.15 EPS, down 21.05 % or $0.04 from last year’s $0.19 per share. TTMI’s profit will be $15.55M for 26.28 P/E if the $0.15 EPS becomes a reality. After $0.65 actual EPS reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts -76.92 % negative EPS growth.

TTM Technologies, Inc. (NASDAQ:TTMI) Ratings Coverage

Among 2 analysts covering TTM Technologies (NASDAQ:TTMI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. TTM Technologies had 2 analyst reports since May 25, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, May 25 by Stifel Nicolaus.

More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Nasdaq.com, which released: “TTM Technologies, Inc. Announces Upcoming Conference Participation” on September 04, 2018. Nasdaq.com‘s article titled: “TTM Technologies, Inc. Appoints Chantel E. Lenard as New Board Member” and published on September 06, 2018 is yet another important article.

TTM Technologies, Inc., together with its subsidiaries, makes printed circuit boards worldwide. The company has market cap of $1.64 billion. It operates through two divisions, PCB and E-M Solutions. It has a 11.77 P/E ratio. The firm offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

TTM Technologies, Inc. (NASDAQ:TTMI) Institutional Positions Chart

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