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Time to Reconsider Ttm Technologies Inc (NASDAQ:TTMI) After More Short Sellers?


Investors sentiment decreased to 1.25 in 2019 Q2. Its down 0.03, from 1.28 in 2019Q1. It dropped, as 23 investors sold TTM Technologies, Inc. shares while 45 reduced holdings. 21 funds opened positions while 64 raised stakes. 110.43 million shares or 1.32% less from 111.91 million shares in 2019Q1 were reported.
Quantbot Technology L P reported 34,696 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 6,800 shares or 0% of the stock. Moreover, Prudential has 0.02% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 1.08 million shares. California State Teachers Retirement Sys reported 152,518 shares stake. Adams Diversified Equity Fund Inc has invested 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). 145,597 are held by Arizona State Retirement Sys. Kbc Nv has invested 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). Comerica Bank has 363,781 shares. Moreover, Tarbox Family Office has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 160 shares. Campbell & Co Invest Adviser Lc reported 52,412 shares. Alberta Invest Corporation stated it has 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). Citigroup accumulated 697,307 shares. 103,668 are owned by Hsbc Pcl. Dalton Greiner Hartman Maher & stated it has 0.44% in TTM Technologies, Inc. (NASDAQ:TTMI). Acadian Asset Mgmt Ltd Company accumulated 0% or 4,376 shares.

The stock of Ttm Technologies Inc (NASDAQ:TTMI) registered an increase of 11.99% in short interest. TTMI’s total short interest was 12.20 million shares in October as published by FINRA. Its up 11.99% from 10.90 million shares, reported previously. With 1.09M shares average volume, it will take short sellers 11 days to cover their TTMI’s short positions. The short interest to Ttm Technologies Inc’s float is 12.69%.

The stock increased 1.94% or $0.24 during the last trading session, reaching $12.64. About 323,866 shares traded. TTM Technologies, Inc. (NASDAQ:TTMI) has declined 39.64% since October 27, 2018 and is downtrending. It has underperformed by 39.64% the S&P500.

TTM Technologies, Inc., together with its subsidiaries, makes printed circuit boards worldwide. The company has market cap of $1.33 billion. It provides 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. It has a 17.95 P/E ratio. It also produces test specialized circuits that are used in radio-frequency or microwave emission and collection applications; printed circuits with heavy copper cores, and embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores.

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

Among 4 analysts covering TTM Technologies (NASDAQ:TTMI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. TTM Technologies has $17.7500 highest and $1300 lowest target. $15.63’s average target is 23.66% above currents $12.64 stock price. TTM Technologies had 5 analyst reports since May 23, 2019 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, August 1. As per Wednesday, October 23, the company rating was maintained by FBR Capital. JP Morgan downgraded the shares of TTMI in report on Monday, August 5 to “Neutral” rating.

More notable recent TTM Technologies, Inc. (NASDAQ:TTMI) news were published by: Globenewswire.com which released: “TTM Technologies, Inc. To Feature Its Leading PCB and RF Automotive Technology Solutions at SAE WCX 2019 in Detroit, Michigan – GlobeNewswire” on March 20, 2019, also Finance.Yahoo.com with their article: “Is TTM Technologies, Inc. (TTMI) A Good Stock To Buy? – Yahoo Finance” published on June 28, 2019, Finance.Yahoo.com published: “TTM Technologies (TTMI) Lags Q1 Earnings and Revenue Estimates – Yahoo Finance” on May 01, 2019. More interesting news about TTM Technologies, Inc. (NASDAQ:TTMI) were released by: Seekingalpha.com and their article: “Stocks To Watch: Macro Headaches For Investors – Seeking Alpha” published on August 24, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is TTM Technologies (NASDAQ:TTMI) Using Too Much Debt? – Yahoo Finance” with publication date: August 15, 2019.

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

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