Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells 25,000 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the transaction, the director owned 47,515 shares in the company, valued at $7,634,235.05. This represents a 34.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TD SYNNEX Stock Performance

Shares of SNX stock traded down $3.11 during trading hours on Friday, reaching $158.65. The company had a trading volume of 587,789 shares, compared to its average volume of 971,684. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The business has a fifty day moving average price of $152.61 and a 200-day moving average price of $151.27. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The firm has a market cap of $12.92 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm earned $3.09 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNX. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Barclays reduced their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. UBS Group upped their price objective on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $170.64.

Hedge Funds Weigh In On TD SYNNEX

Several large investors have recently made changes to their positions in SNX. Dorato Capital Management purchased a new position in TD SYNNEX in the 4th quarter worth approximately $27,000. Ossiam grew its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX during the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. lifted its holdings in shares of TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after buying an additional 196 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of TD SYNNEX during the third quarter worth $42,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.