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Director Richard T Hume of TD Synnex (NYSE:SNX), a prominent player in the Electronic Equipment industry with a market capitalization of $12.7 billion, sold a total of 5,000 shares of common stock on October 16, 2025, for approximately $779,504. The company’s stock has shown remarkable strength, gaining over 47% in the past six months.
The sales were executed in two separate transactions. In the first transaction, 3,213 shares were sold at a weighted average price of $155.64, with prices ranging from $155.02 to $155.995. The second transaction involved the sale of 1,787 shares at a weighted average price of $156.37, with prices ranging from $156.00 to $156.785.
Following these transactions, Hume directly owns 62,515 shares of TD Synnex. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on July 14, 2025.
In other recent news, TD SYNNEX has announced the appointment of David Jordan as the new Executive Vice President and Chief Financial Officer, succeeding Marshall Witt. The company also reported strong fiscal third-quarter earnings, with revenue reaching $15.65 billion, surpassing UBS’s estimate of $14.9 billion and exceeding the company’s guidance range. In light of this performance, UBS maintained its Buy rating and raised the stock price target to $187, citing strong growth in Endpoint and Advanced gross billings. RBC Capital also increased its price target to $180, highlighting a 12% year-over-year growth in billings to $22.7 billion.
Additionally, TD SYNNEX has launched the AI Pioneers program to tackle the industry’s skills gap, aiming to develop AI talent and create practical use cases for partners. This initiative is part of the company’s broader Destination: AI effort, addressing challenges in AI implementation due to talent shortages. These developments reflect TD SYNNEX’s ongoing efforts to strengthen its market position and address industry needs.
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