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

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

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

Insider Buying and Selling at TTM Technologies

In related news, EVP Douglas L. Soder sold 2,874 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the transaction, the executive vice president owned 210,634 shares of the company’s stock, valued at approximately $44,009,867.96. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert P. Farrell sold 1,304 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.92, for a total transaction of $272,431.68. Following the sale, the insider owned 16,995 shares of the company’s stock, valued at $3,550,595.40. This trade represents a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Stock Up 9.6%

TTM Technologies stock opened at $132.79 on Wednesday. TTM Technologies, Inc. has a one year low of $39.20 and a one year high of $223.83. The stock has a fifty day moving average of $164.90 and a 200 day moving average of $133.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The stock has a market cap of $13.79 billion, a PE ratio of 71.78 and a beta of 2.14.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTMI shares. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Wall Street Zen cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Needham & Company LLC raised their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Truist Financial boosted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.00.

TTM Technologies Company Profile

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.