TTM Technologies Falls as Investors Weigh New Debt for Epiq Acquisition

TTM Technologies (TTMI) is down 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp drop appears tied to financing risk after TTM launched and priced $500 million of 6.750% senior notes due 2034 to help fund its planned purchase of Epiq Solutions. This could be because investors are reassessing the added leverage, borrowing costs, and execution risk tied to a large acquisition-driven financing package, even though the company’s most recent operating results were strong.

Details:

TTM disclosed on September 10, 2026 that it priced $500 million of senior unsecured notes due 2034, with the sale expected to close on September 24, 2026.

The company said note proceeds, together with an expected $300 million incremental term loan A and $800 million incremental term loan B, are intended to fund the proposed Epiq Solutions acquisition and related expenses.

TTM agreed in August to buy Epiq Solutions for about $1.1 billion in cash, making the transaction meaningful relative to the company’s size and increasing investor focus on balance-sheet risk and integration execution.

Before this selloff, TTM had reported record second-quarter 2026 sales, strong profitability, and third-quarter guidance that called for further revenue growth, suggesting today’s weakness is more likely tied to the financing overhang than to a deterioration in the underlying business.

Sources:

SEC, TTM Technologies, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TTMI Insider Trading Activity

$TTMI insiders have traded $TTMI stock on the open market 244 times in the past 6 months. Of those trades, 2 have been purchases and 242 have been sales.

Here’s a breakdown of recent trading of $TTMI stock by insiders over the last 6 months:

DALE MARTIN KNECHT (SVP Information Technology) has made 0 purchases and 26 sales selling 34,966 shares for an estimated $5,557,868.
THOMAS T EDMAN has made 0 purchases and 2 sales selling 33,600 shares for an estimated $4,322,472.
SHAWN A. POWERS (EVP, CHRO) has made 0 purchases and 25 sales selling 13,223 shares for an estimated $2,771,251.
CATHERINE A GRIDLEY (EVP, A&D Sector President) has made 0 purchases and 25 sales selling 12,022 shares for an estimated $2,519,544.
DOUGLAS L SODER (EVP, Commercial Sector Pres.) has made 0 purchases and 25 sales selling 11,776 shares for an estimated $2,468,083.
DANIEL J WEBER (EVP, CLO & Secretary) has made 0 purchases and 25 sales selling 11,448 shares for an estimated $2,399,238.
DANIEL L. BOEHLE (EVP and CFO) has made 0 purchases and 26 sales selling 10,559 shares for an estimated $2,211,597.
EDWIN ROKS (President and CEO) purchased 10,000 shares for an estimated $1,117,700
JAMES P WALSH (Chief Operating Officer) has made 0 purchases and 25 sales selling 5,029 shares for an estimated $1,053,248.
TOM CLAPPROOD (PresA&D Interconnect Solutions) has made 0 purchases and 25 sales selling 4,274 shares for an estimated $895,626.
ROBERT P. FARRELL (President C&C) has made 0 purchases and 25 sales selling 4,224 shares for an estimated $885,035.
REX D GEVEDEN purchased 5,000 shares for an estimated $524,500
ELIZABETH ROMO (Chief Accounting Officer) has made 0 purchases and 13 sales selling 720 shares for an estimated $150,422.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$TTMI Hedge Fund Activity

We have seen 398 institutional investors add shares of $TTMI stock to their portfolio, and 288 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC added 2,738,075 shares (+inf%) to their portfolio in Q2 2026, for an estimated $512,074,786
BLACKROCK, INC. removed 2,658,468 shares (-19.5%) from their portfolio in Q2 2026, for an estimated $497,186,685
JANE STREET GROUP, LLC added 1,918,712 shares (+229.0%) to their portfolio in Q2 2026, for an estimated $358,837,518
JPMORGAN CHASE & CO added 1,863,572 shares (+inf%) to their portfolio in Q2 2026, for an estimated $348,525,235
DIMENSIONAL FUND ADVISORS LP removed 1,665,397 shares (-38.6%) from their portfolio in Q2 2026, for an estimated $311,462,546
CAPITAL WORLD INVESTORS added 1,369,236 shares (+215.6%) to their portfolio in Q2 2026, for an estimated $256,074,516
NORGES BANK added 1,273,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $238,102,455

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TTMI Government Contracts

We have seen $30,288,751 of award payments to $TTMI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

AWARD CLINS 0007 AND 0009 TO ALLOW WORK ON PASSIVE MODE S/ADS-B: $17,522,537
INTERROGATOR IDENTI: $548,296
REPAIR OF RECEIVER/TRANSMITTER: $269,942
EVALUATION OF SIGNAL PROC (MINO)S AND RECEIVER/TRANSMITTER FOR THE SUPPORT OF THE HC-144 AIRCRAFT.: $189,895

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$TTMI Analyst Ratings

Wall Street analysts have issued reports on $TTMI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $TTMI, check out Quiver Quantitative's $TTMI forecast page.

$TTMI Price Targets

Multiple analysts have issued price targets for $TTMI recently. We have seen 4 analysts offer price targets for $TTMI in the last 6 months, with a median target of $211.5.

Here are some recent targets:

James Ricchiuti from Needham set a target price of $220.0 on 06/18/2026
Mike Crawford from B. Riley Securities set a target price of $208.0 on 05/28/2026
Ruben Roy from Stifel set a target price of $205.0 on 05/28/2026
William Stein from Truist Securities set a target price of $215.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.