On August 26, TTM Technologies Inc rose 6.42% in regular trading, trading at $118.35/share, with turnover of $21.47 million. The stock extended its rebound following a sharp 5.03% selloff earlier in the week.

On the news front, director Geveden Rex D purchased 5,000 shares on August 24 at $104.90 per share, totaling approximately $524,500. The insider buy came immediately after the stock declined over 5% following the announcement of an approximately $1.1 billion all-cash acquisition of Epiq Design Solutions, signaling management confidence in the company's valuation. The acquisition aims to expand TTM's radio frequency, software-defined radio, and space computing portfolio across defense markets including missile defense, communications, and electronic warfare, with the deal expected to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS in 2028.

Fundamental support remains intact as the company's Q2 results significantly beat expectations, with adjusted EPS of $0.99 versus consensus of $0.90, and revenue growing 37.42% year-over-year to $1.004 billion, driving the ongoing oversold recovery.

(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.)