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TD Synnex (NYSE:SNX), a prominent player in the Electronic Equipment industry with a market capitalization of $10.4 billion, saw its Chief Financial Officer Witt Marshall sell 1509 shares of common stock on June 18, 2025, for approximately $189,147. The sales were executed in multiple transactions with prices ranging from $124.76 to $126.41. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 15.4x and shows strong financial health.
On the same day, Witt Marshall also exercised options to acquire 1509 shares of TD Synnex common stock at a price of $45.64, totaling $68,870. These options are part of a stock option plan that vests over time.
Following these transactions, Marshall directly owns 49,563 shares of TD Synnex. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 8, 2024.
In other recent news, TD SYNNEX has been the focus of several significant developments. RBC Capital adjusted its price target for TD SYNNEX to $145 from $165 while maintaining an Outperform rating. This adjustment comes after the company’s Investor Day, where management outlined mid-term growth strategies, including a 10-12% EPS growth target and a capital allocation plan to return 50-75% of free cash flow to shareholders. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage of TD SYNNEX with an Overweight rating, also setting a price target of $145, citing the company’s strong position in the IT hardware sector and potential for growth. Additionally, TD SYNNEX has announced the appointment of Kenneth Lamneck to its Board of Directors, enhancing its governance and strategic oversight. In a collaborative move, TD SYNNEX, Arctera, and Wasabi Technologies launched a joint data protection solution for channel partners, featuring simplified sales processes and competitive pricing. These developments reflect TD SYNNEX’s ongoing efforts to strengthen its market position and expand its offerings in the IT sector.
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