Optimize Financial Inc Makes New $2.39 Million Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Optimize Financial Inc purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,474 shares of the technology company's stock, valued at approximately $2,388,000. TTM Technologies makes up 1.8% of Optimize Financial Inc's holdings, making the stock its 2nd largest holding. Optimize Financial Inc owned 0.09% of TTM Technologies at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. USA Financial Formulas acquired a new position in shares of TTM Technologies in the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its position in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after acquiring an additional 1,220 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after purchasing an additional 443 shares in the last quarter. Sterling Capital Management LLC increased its position in TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after purchasing an additional 2,831 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in TTM Technologies during the fourth quarter worth approximately $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target on the stock.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI traded down $0.04 during midday trading on Thursday, reaching $18.65. The company's stock had a trading volume of 342,234 shares, compared to its average volume of 754,339. The stock has a market capitalization of $1.90 billion, a P/E ratio of 34.54 and a beta of 1.17. The firm has a 50 day moving average price of $22.28 and a 200-day moving average price of $22.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In related news, EVP Catherine A. Gridley sold 6,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now directly owns 125,206 shares of the company's stock, valued at $3,286,657.50. This represents a 4.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock worth $1,316,006 over the last quarter. Insiders own 1.30% of the company's stock.

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.