Kennedy Capital Management LLC Has $22.59 Million Stock Position in TD SYNNEX Corporation $SNX

Kennedy Capital Management LLC lowered its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,477 shares of the business services provider’s stock after selling 7,125 shares during the quarter. TD SYNNEX makes up about 0.5% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Kennedy Capital Management LLC owned approximately 0.20% of TD SYNNEX worth $22,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNX. Vanguard Group Inc. lifted its position in TD SYNNEX by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TD SYNNEX by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after buying an additional 330,085 shares during the last quarter. Ninety One UK Ltd lifted its holdings in TD SYNNEX by 15.0% in the second quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock valued at $400,275,000 after buying an additional 384,518 shares during the period. Abrams Bison Investments LLC boosted its stake in TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock valued at $278,925,000 after acquiring an additional 435,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in TD SYNNEX by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock worth $188,908,000 after acquiring an additional 10,392 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of SNX opened at $154.06 on Thursday. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.05 and a beta of 1.36. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The firm has a fifty day simple moving average of $154.20 and a 200 day simple moving average of $144.58. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping the consensus estimate of $3.05 by $0.53. The firm had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Raymond James Financial set a $175.00 price target on shares of TD SYNNEX in a report on Thursday, September 25th. Finally, Barclays boosted their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $152.11, for a total transaction of $760,550.00. Following the sale, the director owned 52,515 shares in the company, valued at $7,988,056.65. This represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total transaction of $52,345.44. Following the completion of the transaction, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. This represents a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,632 shares of company stock worth $3,024,583. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.