On September 3, TTM Technologies Inc fell 5.03% in regular trading, trading at $109.92/share, with turnover of $48.26 million. The stock has declined significantly from its post-earnings high near $147 in early August, representing a pullback of over 25%.

On the news front, the company announced on August 17 a $1.1 billion all-cash acquisition of Epiq Design Solutions to expand its radio frequency, software-defined radio, and space computing portfolio, targeting defense markets including missile defense, space, communications, and electronic warfare. Management expects the deal to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028. Despite insider buying signals — CEO Edwin Roks purchased $1.1 million in shares at $111.77 and Chair Rex Geveden bought $524,500 at $104.90 in late August — selling pressure has persisted. The Q2 earnings beat had driven the stock sharply higher, with adjusted EPS of $0.99 versus $0.90 expected and revenue of $1.004 billion versus $962 million expected, but the large-scale cash acquisition appears to have offset that momentum.

(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.)