TTM Technologies, Inc. $TTMI Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 27.3% during the second quarter, Holdings Channel reports. The fund owned 72,523 shares of the technology company’s stock after selling 27,254 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in TTM Technologies were worth $13,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in TTM Technologies during the second quarter valued at $29,000. GoalVest Advisory LLC grew its position in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Manning & Napier Advisors LLC acquired a new stake in TTM Technologies during the 2nd quarter worth about $47,000. Persistent Asset Partners Ltd purchased a new position in shares of TTM Technologies during the 2nd quarter valued at about $49,000. Finally, Parallel Advisors LLC raised its stake in shares of TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TTMI shares. B. Riley Financial upped their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Truist Financial upped their price objective on TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $214.25.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 3,367 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $703,500.98. Following the completion of the transaction, the executive vice president directly owned 120,801 shares in the company, valued at approximately $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 2,915 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $609,060.10. Following the transaction, the executive vice president directly owned 88,250 shares in the company, valued at approximately $18,438,955. The trade was a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 108,241 shares of company stock worth $20,911,975 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Trending Headlines about TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: TTM priced $500 million of senior unsecured notes due 2034 at a 6.750% interest rate. The proceeds, together with planned $300 million and $800 million incremental term loans, are intended primarily to fund the Epiq Solutions acquisition and support other corporate purposes. Completing the financing reduces uncertainty around the transaction and could expand TTM’s technology and product portfolio. TTM Announces Pricing of $500 Million of Its Senior Notes Due 2034
• Positive Sentiment: The acquisition funding may also help TTM pursue its previously announced Swiss Technology Group transaction and reduce reliance on its revolving credit facility. Investors may be viewing the transactions as part of a broader growth strategy, supported by TTM’s recent strong operating performance: quarterly revenue rose 37.4% year over year to approximately $1 billion and EPS exceeded estimates. TTM Technologies Announces Proposed $500 Million Senior Notes Offering to Fund Epiq Solutions Acquisition
• Neutral Sentiment: The notes and acquisition are separate transactions. If Epiq Solutions does not close by November 15, 2026, subject to certain extensions, TTM must redeem the notes at par plus accrued interest. This limits some transaction risk but leaves the acquisition’s completion and strategic benefits uncertain. TTM Technologies Announces Proposed Offering of $500 Million of Senior Notes Due 2034
• Negative Sentiment: Funding the acquisitions with $500 million of notes and $1.1 billion of additional secured term loans will increase TTM’s debt burden and interest expense. That could pressure future earnings, cash flow and valuation, particularly given the 6.750% coupon. Recent insider activity has also been heavily weighted toward sales, although such transactions may reflect compensation or diversification rather than a change in business outlook.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $126.44 on Friday. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 56.95 and a beta of 2.15. The stock has a 50-day moving average of $128.67 and a 200 day moving average of $138.44. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a twelve month low of $46.01 and a twelve month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.TTM Technologies’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. Sell-side analysts anticipate that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

About TTM Technologies

TTM Technologies, Inc (NASDAQ: TTMI) is a global manufacturer of technology solutions for electronic devices and systems. The company primarily produces printed circuit boards (PCBs), including high-density interconnect, flexible and rigid-flex boards, radio-frequency and microwave circuits, and other advanced PCB technologies.

TTM also provides engineering, prototype development, testing and assembly services that support the design and production of electronic products. Its solutions are used in aerospace and defense, data center computing, automotive, medical, industrial, instrumentation and other communications-related applications.

The company serves customers through manufacturing and engineering operations in North America and Asia.