TD SYNNEX Corporation $SNX Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in TD SYNNEX Corporation (NYSE:SNX) by 2.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,797,979 shares of the business services provider’s stock after selling 38,983 shares during the period. LSV Asset Management’s holdings in TD SYNNEX were worth $294,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNX. Root Financial Partners LLC acquired a new position in shares of TD SYNNEX in the 3rd quarter valued at approximately $42,000. Caitong International Asset Management Co. Ltd acquired a new stake in TD SYNNEX during the second quarter valued at approximately $55,000. MAI Capital Management lifted its holdings in TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of TD SYNNEX by 1,012.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after acquiring an additional 405 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 104 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $170.02 on Thursday. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $175.56. The stock’s 50 day moving average price is $155.21 and its 200 day moving average price is $152.74.

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

TD SYNNEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of research reports. Barclays decreased their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group assumed coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 23,365 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the sale, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. This trade represents a 35.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Merline Saintil sold 168 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the transaction, the director directly owned 7,162 shares in the company, 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. Insiders have sold 85,916 shares of company stock worth $13,871,759 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.