Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
FREMONT, CA – Saintil Merline, a director at TD Synnex Corp (NYSE:SNX), a prominent player in the Electronic Equipment industry with a market capitalization of $11.2 billion, recently sold shares of the company as disclosed in an SEC filing. According to InvestingPro analysis, the company is currently trading below its Fair Value, suggesting potential upside opportunity. On March 4, Merline sold 117 shares of common stock at a price of $132.96 per share, totaling $15,556. Following the sale, Merline retains ownership of 5,631 shares directly. The company maintains strong fundamentals with a P/E ratio of 16.6 and has demonstrated commitment to shareholder returns through aggressive share buybacks. InvestingPro subscribers have access to 13 additional key insights about TD Synnex’s financial health and growth prospects.
This transaction was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks, providing a degree of protection against potential accusations of insider trading. TD Synnex maintains a "GOOD" overall financial health score according to InvestingPro’s comprehensive analysis, available in the detailed Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, TD SYNNEX reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $3.09 surpassing the consensus estimate of $3.06. The company achieved revenue of $15.84 billion, higher than the projected $15.25 billion, marking a 10% year-over-year increase. Both the Advanced Solutions and Endpoint Solutions portfolios contributed to this growth, with non-GAAP gross billings rising 7.4% to $21.2 billion. TD SYNNEX expects first-quarter fiscal 2025 revenue between $14.4 billion and $15.2 billion, slightly above the $14.76 billion consensus, and forecasts adjusted EPS of $2.65 to $3.15.
Additionally, BofA Securities and Raymond (NSE:RYMD) James both increased their price targets for TD SYNNEX shares to $150, maintaining a Buy and Outperform rating, respectively. These updates reflect confidence in the company’s financial performance and its strategic focus on profitable growth. Loop Capital also reiterated its Buy rating, highlighting a 10% year-over-year revenue increase in the November quarter, driven by an improving IT spending environment. In other developments, TD SYNNEX director Hau Lee announced his retirement at the 2025 Annual Meeting of Stockholders, concluding a tenure that began in 2012.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.