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Witt Marshall, the Chief Financial Officer of TD Synnex Corp (NYSE:SNX), recently sold shares of the company amounting to $193,400. The transaction took place on March 18, 2025, as reported in a Form 4 filing with the Securities and Exchange Commission. The sale comes as TD Synnex, currently valued at $11.12 billion, trades at $131.95 per share with a P/E ratio of 16.62. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates.
Marshall sold 1,510 shares of common stock at a price of $128.08 per share. This sale was conducted under a Rule 10b5-1 trading plan, which is a prearranged plan for selling stocks that allows insiders to sell a predetermined number of shares at a specified time.
In addition to the sale, Marshall also acquired 1,510 shares through the exercise of stock options at a price of $45.64 per share. Following these transactions, Marshall now holds 49,843 shares of TD Synnex Corp.
TD Synnex Corp, based in Fremont, California, operates in the wholesale distribution of computer and peripheral equipment and software. The company generates annual revenue of $58.45 billion and maintains a healthy dividend yield of 1.33%. For deeper insights into TD Synnex’s financial health and growth potential, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TD SYNNEX reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $3.09 against a consensus estimate of $3.06. The company’s revenue reached $15.84 billion, surpassing projections of $15.25 billion, marking a 10% year-over-year increase. Advanced Solutions and Endpoint Solutions portfolios contributed significantly to this growth. Following these results, firms like BofA Securities and Raymond (NSE:RYMD) James have adjusted their price targets for TD SYNNEX to $150, maintaining Buy and Outperform ratings, respectively. Loop Capital also reiterated a Buy rating, noting a 10% year-over-year revenue increase attributed to an improving IT spending environment. The company has strategically returned over 70% of its $1 billion-plus free cash flow to shareholders in the past year, enhancing shareholder value through share repurchases and dividends. TD SYNNEX’s first-quarter fiscal 2025 guidance projects revenue between $14.4 billion and $15.2 billion, with adjusted EPS forecasted between $2.65 and $3.15. Additionally, TD SYNNEX announced a 10% increase in its quarterly dividend to $0.44 per share.
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