TTM Technologies Completes $100 Million Buyback, Authorizes New $100 Million Program

MT Newswires Live10-28

TTM Technologies (TTMI) said Tuesday it completed a $100 million share repurchase and its board approved a new $100 million buyback plan.

The previous buyback covered about 1.16 million shares purchased Oct. 26 and 27 at an average of $86.31 per share, including commissions, the company said.

The board's new program covers stock purchases up to $100 million through Oct. 27, 2027, through open-market purchases, privately negotiated transactions or other methods, TTM Technologies said.

The authorization does not require the company to buy back any specific amount of stock and may be suspended or discontinued at management's discretion, it added.

Shares of the company were up 2.8% in Wednesday premarket activity.

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