Powell speech takes center stage in Tuesday’s economic events
Hyve Solutions Executive Dennis Polk, a director at TD Synnex Corp (NYSE:SNX), sold 17,400 shares of company stock on October 9, 2025, for approximately $2.74 million. The sales occurred in multiple transactions with prices ranging from $155.68 to $157.01. The timing of the sale comes as TD Synnex, now valued at $12.3 billion, has seen its stock surge nearly 55% over the past six months.
According to a Form 4 filing with the Securities and Exchange Commission, Polk also exercised options to acquire 17,500 shares of TD Synnex common stock. These options were exercised at prices of $90.52 and $106.35, totaling $1.63 million. InvestingPro analysis suggests TD Synnex is currently undervalued, with the stock trading at a modest P/E ratio of 16.5 despite its strong financial health rating. Subscribers can access 13 additional ProTips and a comprehensive Pro Research Report for deeper insights.
Following these transactions, Polk directly owns 31,117 shares of TD Synnex and indirectly owns 81,660 shares through a trust.
In other recent news, TD SYNNEX reported a fiscal third-quarter revenue of $15.65 billion, surpassing UBS’s estimate of $14.9 billion and exceeding the company’s guidance range of $14.7 billion to $15.5 billion. This strong performance led UBS to maintain its Buy rating on the stock, with a price target increase to $187, reflecting the company’s robust growth in both Endpoint and Advanced gross billings. Additionally, RBC Capital raised its price target on TD SYNNEX to $180, highlighting a 12% year-over-year growth in billings to $22.7 billion. The company also announced a significant leadership change, appointing David Jordan as the new Chief Financial Officer, succeeding Marshall Witt. In an effort to address the skills gap in the technology sector, TD SYNNEX launched the AI Pioneers program, part of its Destination: AI initiative. This program aims to develop AI talent and create practical use cases for partners. According to TD SYNNEX’s Direction of Technology report, 75% of partners see AI as essential to their future, although nearly half face challenges due to talent shortages.
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