On August 27, TTM Technologies Inc rose 5.33% in after-hours trading, trading at $127.74 per share, with turnover of $23.98 million.
On the news front, a filing revealed that CEO Edwin Roks purchased 10,000 shares on August 26 for 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 roughly $524,500. The back-to-back insider buying by two senior executives represents a strong vote of confidence after the stock had declined 5.03% following the announcement of an approximately $1.1 billion all-cash acquisition of Epiq Design Solutions, aimed at expanding TTM's RF, software-defined radio, and space computing portfolio across defense markets. The company expects the deal to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028. Additionally, TTM's Q2 results significantly beat expectations, with adjusted EPS of $0.99 versus consensus of $0.90 and revenue of $1.004 billion, representing 37.42% year-over-year growth.
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