In a current transaction, Ann F. Vezina, a director at TD Synnex Corp (NYSE:), bought shares of the corporate’s frequent inventory. In keeping with a submitting with the Securities and Alternate Fee, Vezina bought 839 shares on January 16, 2025, at a value of $136.08 per share. The entire worth of the transaction amounted to $114,171. The sale comes as SNX trades close to its 52-week excessive of $138.31, with the inventory displaying robust momentum, up over 32% up to now 12 months. InvestingPro knowledge reveals that administration has been actively shopping for again shares, suggesting confidence within the firm’s outlook.
Following this sale, Vezina’s direct possession within the firm stands at 4,856 shares. TD Synnex Corp, a wholesale distributor of laptop and peripheral gear and software program, is headquartered in Fremont, California. With a market capitalization of $11.8 billion and an “GOOD” general monetary well being rating from InvestingPro, the corporate maintains a strong place within the trade. The corporate has maintained dividend funds for 12 consecutive years, at the moment providing a 1.28% yield. For deeper insights into SNX’s valuation and progress prospects, entry the great Professional Analysis Report obtainable on InvestingPro.
In different current information, TD SYNNEX Company has skilled a number of noteworthy developments. The corporate’s director, Hau Lee, has introduced his retirement set for the 2025 Annual Assembly of Stockholders. On the monetary entrance, TD SYNNEX outperformed This autumn estimates, reporting an adjusted earnings per share of $3.09, surpassing the consensus estimate of $3.06, and income of $15.84 billion, beating analysts’ projections of $15.25 billion.
This monetary success was primarily attributed to a ten% year-on-year rise in This autumn income, pushed by progress in its Superior Options and Endpoint Options portfolios. Analysts from Loop Capital and Raymond (NSE:) James have maintained constructive scores on TD SYNNEX, with Raymond James analyst Adam Tindle elevating the value goal to $150.
Wanting forward, TD SYNNEX expects Q1 income to fall between $14.4 billion and $15.2 billion, in comparison with the $14.76 billion consensus. The corporate additionally forecasted Q1 adjusted EPS of $2.65 to $3.15, versus analyst estimates of $2.95. Amid these developments, TD SYNNEX continues to display robust monetary well being, preserving buyers excited by its future efficiency.
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