TD SYNNEX (SNX) Chair, Hyve Solutions Polk Buys $1.6M of Stock
TD SYNNEX Corporation's Chair Dennis Polk purchases 15,000 shares valued at $1.61 million.
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Dennis Polk, Chair, Hyve Solutions at TD SYNNEX Corporation ($SNX), bought 15,000 shares at an average price of $107.32, worth about $1.61 million, on June 29, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $SNX is down 11.5% after 1 week, down 7.7% after 1 month and down 8.4% to date (from the $269.52 close on Jun 29, 2026).
SNX
TD SYNNEX Corporation
Key Points
- On June 29, 2026, Dennis Polk bought 15,000 shares of TD SYNNEX Corporation for about $1.61 million at a price of $107.32 each.
- The stock traded at $264.42 on the published day, which is slightly below its 52-week high of $296.47.
- Analysts maintain a generally positive outlook for TD SYNNEX, with a consensus 'buy' rating and a mean price target of $334.
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Polk's Significant Purchase in TD SYNNEX
On June 29, 2026, Dennis Polk, Chair of Hyve Solutions, bought 15,000 shares of TD SYNNEX Corporation (SNX) on the NYSE. The purchase is valued at approximately $1.61 million, with each share priced at $107.32. This move reflects a strong commitment to the company amid ongoing analyst support.
Context of the Trade
Polk's buy adds to his existing stake, but his prior transaction was a sale of 2,500 shares on October 15, 2026, worth about $629,393. The decision to buy 15,000 shares suggests confidence in TD SYNNEX’s future performance, particularly as the stock trades close to its recent highs.
Analysts Set New Price Targets
Despite the insider transaction, broader market sentiment remains optimistic. On September 25, 2026, UBS maintained a 'Buy' rating with a price target of $379, while Morgan Stanley also upheld its 'Overweight' rating, increasing its target to $359. Barclays has maintained an 'Equal-Weight' rating with a target of $287, positioning TD SYNNEX well in analyst recommendations.
Stock Performance Insights
On the day this article is published, TD SYNNEX shares are trading at $264.42, reflecting a strong performance after a 52-week high of $296.47. This purchase by Polk occurs at a time when the stock is above its 50-day moving average of $254.96, indicating a positive trend.
What TD SYNNEX Corporation Does
TD SYNNEX Corporation is a major distributor and solutions aggregator for the information technology ecosystem, operating across the U.S., Europe, and beyond. The company's performance in the technology sector is backed by a robust revenue of about $69.7 billion and a net margin of 1.63%.
What to Watch at TD SYNNEX Corporation
Investors should keep an eye on TD SYNNEX's next earnings report scheduled for September 24, 2026. Additionally, ongoing insider activity and analyst updates will be crucial for understanding the future direction of the stock. As a reminder, this transaction reflects Polk's position as of the reporting date and may not indicate his current holdings.
Related Filing Alerts
Source: Dennis Polk's Form 4 filing on $SNX (Jun 29, 2026). Find the original filing: SNX Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts