The Manufacturers Life Insurance Company Lowers Stock Position in TTM Technologies, Inc. $TTMI

Key Points

• The Manufacturers Life Insurance Company reduced its TTM Technologies stake by 27.3% in the second quarter, selling 27,254 shares and retaining 72,523 shares worth approximately $13.6 million. Institutional investors collectively own 95.79% of the company.
• TTM Technologies reported strong quarterly results, with revenue rising 37.4% year over year to about $1 billion and EPS of $0.99, beating analyst estimates of $0.89.
• Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $214.25. However, planned acquisition financing involving $500 million of senior notes and $1.1 billion in term loans will increase the company’s debt and interest expense.

The Manufacturers Life Insurance Company cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 27.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,523 shares of the technology company's stock after selling 27,254 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of TTM Technologies worth $13,563,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in TTM Technologies during the 2nd quarter valued at $29,000. Kestra Advisory Services LLC bought a new position in shares of TTM Technologies in the 4th quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of TTM Technologies in the 4th quarter worth $30,000. GoalVest Advisory LLC lifted its stake in shares of 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 last quarter. Finally, Parallel Advisors LLC lifted 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 worth $32,000 after purchasing an additional 87 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Up 3.4%

TTM Technologies stock opened at $126.44 on Friday. The stock has a 50-day moving average of $128.67 and a two-hundred day moving average of $138.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. TTM Technologies, Inc. has a one year low of $46.01 and a one year high of $223.83. The stock has a market cap of $13.32 billion, a PE ratio of 56.95 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company's revenue was up 37.4% on a year-over-year basis. On average, research analysts anticipate that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Douglas L. Soder sold 8,902 shares of the business's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the sale, the executive vice president directly owned 208,245 shares of the company's stock, valued at $43,687,718.55. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edwin Roks bought 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 108,241 shares of company stock worth $20,911,975 in the last three months. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TTMI. Stifel Nicolaus lifted their target price on TTM Technologies from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of TTM Technologies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. B. Riley Financial lifted their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Weiss Ratings lowered shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TTM Technologies currently has a consensus rating of "Buy" and an average 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.

TTM Technologies Profile

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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