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In a recent transaction, Ann F. Vezina, a director at TD Synnex Corp (NYSE:SNX), sold shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Vezina sold 839 shares on January 16, 2025, at a price of $136.08 per share. The total value of the transaction amounted to $114,171. The sale comes as SNX trades near its 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, suggesting confidence in the company's outlook.
Following this sale, Vezina's direct ownership in the company stands at 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 an "GOOD" overall financial health score from InvestingPro, the company maintains a solid position in the Electronic Equipment industry. The company has maintained dividend payments for 12 consecutive years, currently offering a 1.28% yield. For deeper insights into SNX's valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TD SYNNEX Corporation has experienced several noteworthy developments. The company's director, Hau Lee, has announced his retirement set for the 2025 Annual Meeting of Stockholders. On the financial front, TD SYNNEX outperformed Q4 estimates, reporting an adjusted earnings per share of $3.09, surpassing 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-on-year rise in Q4 revenue, driven by growth in its Advanced Solutions and Endpoint Solutions portfolios. Analysts from Loop Capital and Raymond (NSE:RYMD) James have maintained positive ratings on TD SYNNEX, with Raymond James analyst Adam Tindle raising the price target to $150.
Looking ahead, TD SYNNEX expects Q1 revenue to fall between $14.4 billion and $15.2 billion, compared to the $14.76 billion consensus. The company also forecasted Q1 adjusted EPS of $2.65 to $3.15, versus analyst estimates of $2.95. Amid these developments, TD SYNNEX continues to demonstrate strong financial health, keeping investors interested in its future performance.
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