GW&K Investment Management LLC Acquires Shares of 158,090 TTM Technologies, Inc. (NASDAQ:TTMI)

GW&K Investment Management LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 158,090 shares of the technology company's stock, valued at approximately $3,242,000. GW&K Investment Management LLC owned about 0.16% of TTM Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after acquiring an additional 442 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of TTM Technologies by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock valued at $345,000 after purchasing an additional 555 shares in the last quarter. New York State Teachers Retirement System grew its stake in TTM Technologies by 0.5% during the first quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock worth $2,268,000 after purchasing an additional 567 shares during the period. CWM LLC grew its stake in TTM Technologies by 14.4% during the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after purchasing an additional 567 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in TTM Technologies by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock worth $490,000 after purchasing an additional 602 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Transactions at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 7,487 shares of TTM Technologies stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $39.01, for a total transaction of $292,067.87. Following the transaction, the senior vice president directly owned 59,947 shares of the company's stock, valued at $2,338,532.47. The trade was a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total transaction of $749,160.00. Following the completion of the sale, the executive vice president owned 173,026 shares of the company's stock, valued at approximately $5,190,780. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,226 shares of company stock valued at $3,504,492. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Stock Up 2.3%

Shares of NASDAQ TTMI traded up $1.02 during midday trading on Friday, hitting $45.29. 2,127,988 shares of the stock traded hands, compared to its average volume of 2,235,684. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.07. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $48.59. The business has a 50 day moving average price of $37.93 and a two-hundred day moving average price of $28.35. The company has a market cap of $4.60 billion, a PE ratio of 60.39 and a beta of 1.46.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The firm had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same period last year, the company earned $0.28 earnings per share. The business's revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies announced that its board has approved a stock buyback plan on Friday, May 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTMI. Needham & Company LLC increased their price target on TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Truist Financial boosted their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. B. Riley increased their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus restated a "buy" rating and issued a $40.00 price target (up from $33.00) on shares of TTM Technologies in a report on Monday, June 16th. Finally, Wall Street Zen lowered shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies presently has an average rating of "Buy" and a consensus price target of $45.25.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.