On June 18, TTM Technologies rose 5.64% in regular trading, trading at approximately $213.72/share, with turnover of $46.56 million. The rally was driven by the company's announcement of two European acquisitions alongside continued tailwinds from global PCB price increases.

TTM Technologies announced it intends to acquire two privately held European companies — Swiss Technology Group and ILFA GmbH — in separate all-cash transactions. Swiss Technology Group focuses on miniaturized and small form-factor technology applications primarily for medical end markets, while ILFA is a German PCB manufacturer providing CAD services supporting PCB design, prototyping, and production. The transactions are expected to close in Q3 and be immediately, though modestly, accretive to earnings per share.

Compounding the positive sentiment, approximately 70% of global high-end electronic-grade PPE resin supply remains disrupted due to ongoing Middle East conflicts and shipping disruptions in the Strait of Hormuz, with Saudi Arabia's Jubail Industrial City fully shut down since late March. PPE resin is an irreplaceable core material for AI server and high-frequency high-speed PCB copper-clad laminates with no low-cost short-term substitutes, driving significant PCB price increases that directly benefit TTM as a leading global PCB manufacturer.

(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.)