On August 27, TTM Technologies Inc rose 6.82% in pre-market trading, trading at $129.52/share, with turnover of $134,900.
On the news front, CEO Edwin Roks purchased 10,000 shares of the company on August 26, totaling approximately $1.1 million, bringing his total holdings to 64,814 shares. This follows director Geveden Rex D's purchase of 5,000 shares at $104.90 per share on August 24, totaling approximately $524,500. The back-to-back insider buying by two senior executives signals strong internal confidence, particularly as the stock had been under pressure following the announcement of an approximately $1.1 billion all-cash acquisition of Epiq Design Solutions aimed at expanding its RF, software-defined radio, and space computing portfolio across defense markets.
Fundamental support remains intact, with the company's Q2 adjusted EPS of $0.99 exceeding analyst expectations of $0.90, representing 70.69% year-over-year growth, while revenue reached $1.004 billion, up 37.42% year-over-year. The combination of insider buying and strong earnings continues to drive the stock's recovery trajectory.
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