Overview
Richard T. Hume, a director at TD Synnex (NYSE: SNX), completed a matched set of transactions on January 30, 2026, selling common stock and exercising options in the same volume. The sale and option exercise were carried out under a previously arranged trading plan.
Transaction details
On January 30, 2026, Hume sold 492 shares of TD Synnex common stock for a total of $78,921. The shares were sold at a weighted average price of $160.41, with the individual sale prices ranging from $160.035 to $160.805. On that same date, Hume exercised options to acquire 492 shares at an exercise price of $107.32, for an aggregate cost of $52,801.
Those transactions were executed under a pre-arranged Rule 10b5-1 trading plan that Hume adopted on July 14, 2025. After completing the sale, Hume directly holds 47,515 shares of TD Synnex stock.
Company performance and analyst response
TD Synnex reported solid fourth-quarter 2026 results, posting net revenue of $17.4 billion, a 10% increase from the same period a year earlier. The company also delivered non-GAAP diluted earnings per share of $3.83, representing a 24% year-over-year rise.
Following those results, Goldman Sachs maintained a Buy rating on TD Synnex and raised its price target to $180.00, citing a multiple expansion in earnings per share. RBC Capital also reiterated an Outperform rating with the same $180.00 price target, emphasizing the company’s broad-based growth outlook.
RBC specifically noted that TD Synnex’s fourth-quarter 2025 billings growth accelerated to 15% year-over-year, driven by strong demand in Enterprise and Advanced Solutions. Sustained demand for PCs, including AI PCs and Windows 11 upgrades, was highlighted as a significant contributor to that billings growth.
Concluding note
The insider transactions and the company’s quarterly results were disclosed in close proximity. The trades followed a pre-established plan, while analysts retained favorable stances after TD Synnex’s reported revenue and EPS gains.
Key points
- Director Richard T. Hume sold 492 shares on January 30, 2026, for $78,921 and simultaneously exercised options for 492 shares at $107.32 totaling $52,801.
- Transactions were executed under a Rule 10b5-1 plan adopted July 14, 2025; Hume now directly owns 47,515 shares.
- TD Synnex reported Q4 2026 net revenue of $17.4 billion (+10% YoY) and non-GAAP diluted EPS of $3.83 (+24% YoY); Goldman Sachs and RBC Capital maintained positive ratings and $180.00 price targets.
Risks and uncertainties
- Insider sales, even when executed under a Rule 10b5-1 plan, may be interpreted in different ways by market participants; this affects investor perception in the technology distribution sector.
- Analyst ratings and price targets can change; continuity of the positive outlook depends on future company performance in Enterprise and Advanced Solutions and ongoing demand for PCs.