In a recent transaction, Ann F. Vezina, director of TD Synnex Corp (NYSE:), sold the company’s common stock. According to a filing with the Securities and Exchange Commission, Vezina sold 839 shares at a price of $136.08 per share on January 16, 2025. The total value of the transaction was 114,171 dollars. The sale comes as SNX is trading near a 52-week high of $138.31, with the stock showing strong momentum, up over 32% in the past year. InvestingPro data reveals that management has been actively buying back shares, indicating confidence in the company’s prospects.
After this sale, Veza’s direct ownership in the company amounts to 4,856 shares. TD Synnex Corp, a wholesale distributor of computer and peripheral equipment and software, is headquartered in Fremont, California. With a market capitalization of $11.8 billion and a “GOOD” overall financial health rating of InvestingProthe company maintains a solid position in the industry. The company has maintained its dividend payments for 12 consecutive years, currently offering a yield of 1.28%. For an in-depth look at SNX’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TD SYNNEX Corporation has seen several significant developments. The company’s CEO, Hau Lee, announced his retirement at the annual shareholder meeting in 2025. On the financial front, TD SYNNEX beat estimates for the fourth quarter, posting adjusted earnings per share of $3.09, beating the consensus estimate of $3.06, and revenue of $15.84 billion, beating analysts’ projections of $15.25 billion.
This financial success was primarily attributed to a 10% year-over-year increase in revenue in the fourth quarter, driven by growth in the Advanced Solutions and Endpoint Solutions portfolios. Loop Capital analysts i Raymond (NSE:) James maintained positive ratings on TD SYNNEX, and Raymond James analyst Adam Tindle raised his price target to $150.
Looking ahead, TD SYNNEX expects first-quarter revenue to fall between $14.4 billion and $15.2 billion, compared with the consensus estimate of $14.76 billion. The company also forecast first-quarter adjusted EPS of $2.65 to $3.15, compared to analysts’ estimates of $2.95. Amidst these developments, TD SYNNEX continues to demonstrate strong financial health, sustaining investor interest in its future performance.
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