Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
FREMONT, CA—Richard T. Hume, a director at TD Synnex Corp (NYSE:SNX), recently sold shares of the company, totaling approximately $2.8 million. The transactions, executed on February 3, 2025, were part of a pre-established trading plan under Rule 10b5-1. TD Synnex, with a market capitalization of $11.86 billion, has demonstrated strong momentum with a 38% return over the past year.
The sales involved a total of 20,000 shares of common stock. The shares were sold at prices ranging from $138.94 to $141.23 per share. Following these transactions, Hume retains ownership of 85,480 shares in the company. According to InvestingPro analysis, TD Synnex is currently trading below its Fair Value, with 16 additional key insights available to subscribers.
These transactions were conducted as part of a trading plan adopted on June 28, 2024, allowing insiders to sell a predetermined number of shares at specified times. The company maintains a "GOOD" overall financial health score, as assessed by InvestingPro’s comprehensive analysis framework.
In other recent news, TD SYNNEX Corporation reported fourth quarter earnings and revenue that surpassed analyst expectations. The IT distribution and services company posted adjusted earnings per share of $3.09 and revenue of $15.84 billion, marking a 10% YoY increase driven by growth in both its Advanced Solutions and Endpoint Solutions portfolios. In other developments, TD SYNNEX Director Hau Lee announced his retirement at the company’s 2025 Annual Meeting of Stockholders, ending a tenure that began in 2012.
BofA Securities increased the price target for TD Synnex shares to $150, maintaining a Buy rating on the stock, citing the company’s belief in the return to growth in the IT market. Similarly, Loop Capital sustained its Buy rating on TD Synnex stock, citing the company’s recent earnings report and Raymond (NSE:RYMD) James also lifted the price target for TD Synnex to $150, maintaining an Outperform rating on the stock.
These are recent developments, reflecting a positive perspective on the company’s financial health and market trajectory. However, the company has not provided further details on Lee’s successor or the transition plan following his retirement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.