Movement Alert|TTM Technologies Inc Rises 5.25% in Regular Trading, Insider Buying Boosts Market Confidence

Market Focus
Sep 04

On September 4, TTM Technologies Inc rose 5.25% in regular trading, trading at $120.465/share, with turnover of $15.66 million. The stock had pulled back significantly from its post-earnings high near $147 in early August.

The rebound was driven by notable insider purchases that lifted sentiment. CEO Edwin Roks acquired $1.1 million in stock at $111.77 per share on August 25, increasing his holdings by 18%. Chair Rex Geveden purchased $524,500 in stock at $104.90 per share on August 24, lifting his ownership by 5%. Both transactions were their first share purchases at the company. Smart Insider named TTM Technologies its stock pick of the week, highlighting the significance of these insider buys during a period of share price weakness.

Separately, the company announced on August 17 a roughly $1.1 billion all-cash acquisition of Epiq Design Solutions to expand its RF, software-defined radio, and space computing portfolio across defense markets. The deal is expected to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028. In Q2, TTM posted revenue of $1.004 billion, up 37.42% year-over-year, with adjusted EPS of $0.99, both exceeding consensus estimates.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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