On August 12, TTM Technologies Inc rose 6.69% in regular trading, trading at $138.0/share, with turnover of $45.67 million.

The movement follows continued investor interest after the company reported stronger-than-expected Q2 results on August 5 after market close. Adjusted earnings per share came in at $0.99, surpassing the consensus estimate of $0.90 and representing a 70.69% year-over-year increase. Revenue reached $1.004 billion, beating the expected $962 million, up 37.42% compared to the prior-year period. The stock initially surged over 12% the day after the earnings release and has continued to attract buying interest.

Additionally, Truist Securities maintained a Buy rating on the stock with a target price of $224, suggesting significant upside from current levels. Within the Electronic Manufacturing Services sector, peers also showed strength, with Fabrinet up 8.02%, Flex Ltd up 5.04%, and Celestica up 4.29%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)