TD Synnex (NYSE: SNX) disclosed that Chief Financial Officer David Gregory Jordan sold 3,225 shares of the company's common stock on April 6, 2026, at a sale price of $189.46 per share. The sale produced total proceeds of $611,008 and took place while the stock was trading near its 52-week high of $191.78, following a roughly 98% return over the past year.
After completing the transaction, Jordan retained direct ownership of 14,035 shares of TD Synnex. The insider sale comes amid company-level actions and market data that paint a mixed picture of valuation and capital allocation.
Valuation and capital activity
Data from InvestingPro indicates that TD Synnex remains undervalued on a Fair Value basis and notes that management has been actively repurchasing shares. The stock currently trades at a price-to-earnings ratio of 15.93. InvestingPro additionally lists 16 exclusive tips available for further analysis.
Recent financial performance
TD Synnex reported strong fiscal first-quarter results for 2026, surpassing analyst expectations on both the earnings and revenue fronts. Earnings per share came in at $4.73, compared with the projected $3.32 - a positive surprise of 42.47%. Revenue for the quarter reached $17.16 billion, topping the anticipated $15.59 billion by 10.07%.
During the quarter, earnings per share expanded by nearly 70%, a metric that underpinned positive sentiment among analysts and investors.
Analyst reaction
Following the earnings release, RBC Capital raised its price target on TD Synnex to $210 from $180 and maintained an Outperform rating, citing confidence in the company’s growth prospects. Raymond James also increased its target to $200 from $175 and continued to rate the stock as a Strong Buy, pointing to substantial growth in revenue and profitability metrics.
These developments - the insider share sale, InvestingPro's valuation view and management buybacks, robust quarterly results, and subsequent analyst upgrades - provide a concentrated snapshot of investor and management behavior. While the insider sale represents a notable individual transaction, earnings beats and analyst target increases reflect broader market enthusiasm following the strong quarter.
Note: The factual details in this report reflect the disclosures and analyst actions as stated above.