Amundi Lowers Stock Holdings in TTM Technologies, Inc. $TTMI

Key Points

• Amundi reduced its TTM Technologies stake by 45.6% in the second quarter, selling 8,858 shares and retaining 10,583 shares valued at approximately $1.98 million. Institutional investors still own 95.79% of the company.
• TTM Technologies reported quarterly revenue of about $1 billion, up 37.4% year over year, while EPS of $0.99 exceeded the $0.89 consensus estimate. Analysts maintain a consensus “Buy” rating with an average price target of $214.25.
• The company priced $500 million of senior notes at a 6.75% interest rate to help fund its Epiq Solutions acquisition, alongside $1.1 billion in planned term loans. The financing supports expansion but will increase debt and interest expenses.

Amundi trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,583 shares of the technology company's stock after selling 8,858 shares during the quarter. Amundi's holdings in TTM Technologies were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TTMI. GAMMA Investing LLC raised its holdings in TTM Technologies by 1.8% during the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company's stock worth $812,000 after purchasing an additional 75 shares in the last quarter. Parallel Advisors LLC increased its position in TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after purchasing an additional 87 shares during the period. Lido Advisors LLC raised its stake in shares of TTM Technologies by 1.5% during the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company's stock worth $553,000 after buying an additional 116 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock valued at $31,000 after buying an additional 137 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of TTM Technologies by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company's stock valued at $320,000 after buying an additional 142 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other TTM Technologies news, EVP Shawn Powers sold 3,367 shares of the 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 $703,500.98. Following the completion of the sale, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This represents a 2.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas Soder sold 2,874 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $600,493.56. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is owned by company insiders.

TTM Technologies Price Performance

TTM Technologies stock opened at $126.44 on Monday. The firm's 50-day moving average is $128.67 and its two-hundred day moving average is $138.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. TTM Technologies, Inc. has a 12-month low of $46.01 and a 12-month high of $223.83. The stock has a market capitalization of $13.32 billion, a P/E ratio of 56.95 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $962.04 million. During the same period in the previous year, the company earned $0.58 EPS. The business's quarterly revenue was up 37.4% compared to the same quarter last year. Equities analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. B. Riley Financial raised their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of TTM Technologies in a report on Tuesday, August 18th. Weiss Ratings downgraded TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Zacks Research raised TTM Technologies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $214.25.

Key Stories Impacting 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.

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.

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