TD SYNNEX (NYSE:SNX) Director Sells $3,753,119.95 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 23,365 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director directly owned 42,515 shares of the company’s stock, valued at $6,829,184.45. This represents a 35.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TD SYNNEX Stock Up 1.9%

Shares of NYSE SNX traded up $3.01 during trading hours on Wednesday, hitting $164.19. The company had a trading volume of 804,102 shares, compared to its average volume of 951,215. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.26 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The firm’s 50 day moving average is $153.25 and its 200-day moving average is $151.78.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the firm posted $3.09 EPS. 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. On average, analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

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

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in TD SYNNEX during the 2nd quarter valued at $124,618,000. Alyeska Investment Group L.P. bought a new stake in TD SYNNEX during the third quarter valued at about $135,631,000. Vanguard Group Inc. lifted its holdings in TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after purchasing an additional 759,022 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of TD SYNNEX by 123.6% during the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after purchasing an additional 402,573 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of TD SYNNEX during the 4th quarter valued at approximately $60,104,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays cut their price objective on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Morgan Stanley dropped their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Barrington Research restated an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research report on Friday, January 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Finally, The Goldman Sachs Group started coverage on TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $170.64.

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.