Dennis Polk, Chair of Hyve Solutions at TD SYNNEX CORP, sold 2,500 shares of the company's common stock for $575,937 on May 15, 2026, through the Polk Family Trust. This transaction was conducted under a Rule 10b5-1 trading plan and occurred while the stock (SNX) traded near its 52-week high, having returned 88% over the past year. Despite the sale, Polk still indirectly holds over 79,000 shares and directly holds over 22,000 shares; InvestingPro analysis suggests SNX remains undervalued, with recent positive developments including strong Q1 fiscal 2026 results and raised price targets from various analysts.
BofA Securities has raised its price target for TD Synnex (NYSE: SNX) to $270 from $200, maintaining a Buy rating. The increase is driven by the strong growth and higher margins of Hyve, which BofA sees as an underappreciated asset expanding its addressable market by working with the top five U.S. hyperscalers. The firm projects Hyve's revenue to grow at a 20% three-year compound annual growth rate, leading to earnings estimates above consensus and supporting the stock's attractive valuation as an undervalued equity.
Reyna Thompson, President, North America at TD Synnex Corp (SNX), sold 2,196 shares of the company on April 29, 2026. This transaction is part of a broader trend of insider selling at TD Synnex, with 39 insider sells and no buys over the past year. The stock is currently priced at $223.47 and is considered significantly overvalued based on its GF Value of $148.24.
