Lido Advisors LLC Acquires Shares of 2,234 TD SYNNEX Corporation $SNX

Lido Advisors LLC bought a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,234 shares of the business services provider’s stock, valued at approximately $377,000.

Several other institutional investors also recently modified their holdings of the business. Dorato Capital Management bought a new stake in TD SYNNEX during the fourth quarter worth about $27,000. Ossiam increased its stake 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX during the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of TD SYNNEX during the third quarter valued at approximately $30,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of TD SYNNEX in the 4th quarter worth approximately $32,000. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Performance

Shares of SNX opened at $255.93 on Friday. The business’s fifty day simple moving average is $260.60 and its two-hundred day simple moving average is $209.08. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12 month low of $139.23 and a 12 month high of $296.47. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.71 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the transaction, the director owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 21,273 shares of company stock valued at $5,259,652. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SNX. Barclays raised their price objective on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Morgan Stanley increased their target price on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. UBS Group raised their price target on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. Finally, Barrington Research upped their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Profile

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.