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Dennis Polk, Hyve Solutions Executive at TD Synnex (NASDAQ:SNX), sold 3,000 shares of common stock on September 4, 2025, for a total value of $445,493. The transaction comes as TD Synnex trades near its 52-week high of $153.70, with the stock delivering a robust 33.5% return over the past year. According to InvestingPro analysis, the company maintains a "GOOD" financial health score. The sales were executed in multiple transactions with prices ranging from $147.82 to $149.14.
The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on October 13, 2024, on behalf of the Polk family trust, of which Polk is a trustee.
Following the transactions, Polk indirectly owns 84,660 shares through the trust and directly owns 35,295 shares of TD Synnex. The company, currently valued at $12.3 billion, has maintained dividend payments for 12 consecutive years and offers a dividend yield of 1.18%. For deeper insights into insider trading patterns and comprehensive analysis, access the full TD Synnex Pro Research Report on InvestingPro.
In other recent news, TD SYNNEX reported strong financial results for the second quarter of fiscal year 2025, surpassing analysts’ expectations. The company achieved non-GAAP diluted earnings per share of $2.99, exceeding the forecasted $2.71. Revenue for the quarter reached $14.95 billion, also beating the anticipated $14.3 billion. Additionally, TD SYNNEX has acquired Apptium, a software development company, to enhance its cloud commerce capabilities and strengthen its technology solutions orchestration strategy. This acquisition is expected to expand the company’s cloud and everything-as-a-service offerings. Loop Capital raised its price target for TD SYNNEX to $160 from $150, maintaining a Buy rating after the company’s strong earnings report. UBS also reiterated its buy rating, increasing its price target to $154 from $138, citing the impressive earnings performance. The company’s earnings were driven by double-digit billings growth in both its Advanced Solutions and Endpoint segments.
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