TD SYNNEX (NYSE:SNX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TD SYNNEX (NYSE:SNX) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research firms have also recently weighed in on SNX. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Barclays reduced their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, January 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Stock Down 2.6%

Shares of SNX opened at $157.33 on Friday. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.16 and a beta of 1.38. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $175.56. The stock’s 50-day moving average price is $156.11 and its 200-day moving average price is $153.71. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

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

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $0.48 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 25,000 shares of the firm’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 of the company’s stock, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the transaction, the director directly owned 7,162 shares of the company’s stock, valued at $1,098,507.56. This represents a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 85,916 shares of company stock valued at $13,871,759. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNX. Dorato Capital Management acquired a new stake in shares of TD SYNNEX during the 4th quarter valued at $27,000. Ossiam lifted its holdings in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX in the 3rd quarter worth about $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in TD SYNNEX during the 4th quarter worth about $32,000. 84.00% of the stock is owned by institutional investors and hedge funds.

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.