GK Wealth Management LLC Purchases Shares of 5,354 TTM Technologies, Inc. $TTMI

GK Wealth Management LLC acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMIFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,354 shares of the technology company’s stock, valued at approximately $1,001,000.

A number of other large investors have also recently made changes to their positions in TTMI. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies during the 3rd quarter valued at approximately $176,376,000. Invesco Ltd. increased its holdings in TTM Technologies by 127.7% in the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after acquiring an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in TTM Technologies by 112.1% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares during the period. Castle Hook Partners LP bought a new stake in TTM Technologies during the 4th quarter worth approximately $133,351,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in TTM Technologies by 575.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after purchasing an additional 1,560,394 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Up 9.6%

TTMI stock opened at $132.79 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies, Inc. has a 1-year low of $39.20 and a 1-year high of $223.83. The business has a 50 day simple moving average of $164.90 and a two-hundred day simple moving average of $133.30. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 71.78 and a beta of 2.14.

Wall Street Analyst Weigh In

TTMI has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Truist Financial raised their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Stifel Nicolaus upped their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and an average target price of $212.00.

Get Our Latest Research Report on TTM Technologies

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 9,856 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $2,067,788.80. Following the transaction, the executive vice president owned 119,268 shares of the company’s stock, valued at approximately $25,022,426.40. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the transaction, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,043 shares of company stock valued at $17,191,859. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Profile

(Free Report)

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

Further Reading

Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMIFree Report).

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.