Miriam Anne Murphy, who serves as President, Europe at TD Synnex CORP (NYSE: SNX), executed a sale of 3,025 shares of the company's common stock on April 9, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The reported sale price was $200.14 per share, producing total proceeds of $605,423.
The disposition took place while SNX shares were trading near a 52-week high of $205.01, following a 90% gain over the previous 12 months. After the transaction, Murphy is listed as directly holding 10,820 shares of TD Synnex.
Independent analysis referenced in the filing notes that, according to InvestingPro, the stock remains undervalued relative to its Fair Value. The InvestingPro note also indicates there are 16 additional ProTips available to subscribers.
Murphy's sale comes against a backdrop of stronger-than-expected results for TD Synnex in the first quarter of fiscal 2026. The company reported earnings per share of $4.73, well above analysts' projections of $3.32, representing a 42.47% positive surprise. Revenue for the quarter reached $17.16 billion, exceeding the anticipated $15.59 billion and reflecting a 10.07% beat versus expectations.
Following the quarterly release, several brokerages adjusted their outlooks. 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 trajectory. Raymond James also lifted its target to $200 from $175 and kept a Strong Buy rating, pointing to the company's significant revenue and profitability gains during the quarter. The company additionally reported that earnings per share grew nearly 70% during the period.
These financial results and subsequent analyst actions underline the positive sentiment among some market observers regarding TD Synnex's recent performance and its prospects for sustained profitable growth. At the same time, the Form 4 filing documents an insider sale valued at $605,423 while the stock trades near multi-month highs.
Additional context in the filing: The Form 4 shows the exact number of shares sold, the per-share price, the total transaction value, and the remaining directly held shares by the officer. The filing also cites an InvestingPro assessment indicating perceived undervaluation relative to Fair Value and noting available ProTips for subscribers.