On August 27, TTM Technologies Inc rose 5.58% in regular trading, trading at $128.33/share, with turnover of $15.48 million.
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 purchases from two senior executives represent a strong vote of confidence from management, 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 the company's RF, software-defined radio, and space computing portfolio across defense markets.
Fundamentally, the company reported Q2 adjusted EPS of $0.99, significantly above the $0.90 consensus estimate, with revenue growing 37.42% year-over-year to $1.004 billion. The combination of robust earnings performance and concentrated insider buying continues to support the stock's recovery trajectory.
(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.)