On August 24, TTM Technologies Inc declined 5.03% in regular trading, trading at $104.38/share, with turnover of $35.69 million.

On the news front, the stock continued to face selling pressure following its August 17 announcement of an approximately $1.1 billion all-cash acquisition of Epiq Design Solutions. The deal is intended to expand TTM's radio frequency, software-defined radio, and space computing portfolio across defense markets including missile defense, space, communications, signals intelligence, and electronic warfare. While management expects the transaction to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028, the significant cash outlay has weighed on investor sentiment in subsequent sessions.

Adding to the downward pressure, the broader Electronic Manufacturing Services sector experienced widespread declines. Among peers, Flex Ltd fell 4.52%, Fabrinet dropped 4.09%, Celestica declined 3.45%, Jabil Circuit lost 3.10%, and TE Connectivity slipped 0.84%, reflecting broad-based industry headwinds compounding the stock-specific acquisition overhang.

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