TD SYNNEX (NYSE:SNX) Director Sells 5,000 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $4.24 during trading on Thursday, reaching $258.83. 398,189 shares of the company’s stock traded hands, compared to its average volume of 820,755. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a fifty-two week low of $142.13 and a fifty-two week high of $296.47. The company has a 50-day simple moving average of $261.71 and a 200-day simple moving average of $211.77. The firm has a market cap of $20.70 billion, a PE ratio of 18.53, a P/E/G ratio of 0.74 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The company 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%.TD SYNNEX’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio is presently 13.74%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in TD SYNNEX by 0.4% during the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after buying an additional 9,024 shares during the period. Ninety One UK Ltd increased its stake in shares of TD SYNNEX by 13.1% during the fourth quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after buying an additional 258,630 shares during the period. LSV Asset Management grew its stake in shares of TD SYNNEX by 16.1% during the fourth quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock worth $313,471,000 after purchasing an additional 288,625 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of TD SYNNEX by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after acquiring an additional 99,090 shares during the last quarter. Finally, Metropolis Capital Ltd raised its holdings in TD SYNNEX by 9.5% during the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SNX. Morgan Stanley boosted their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group boosted their price objective on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Barrington Research raised their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $294.67.

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.