JPMorgan Chase & Co. Sells 366,573 Shares of TD SYNNEX Corporation $SNX

JPMorgan Chase & Co. cut its holdings in TD SYNNEX Corporation (NYSE:SNX) by 8.7% during the 3rd quarter, Holdings Channel reports. The fund owned 3,863,486 shares of the business services provider’s stock after selling 366,573 shares during the period. JPMorgan Chase & Co.’s holdings in TD SYNNEX were worth $632,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in TD SYNNEX in the 3rd quarter worth $42,000. Caitong International Asset Management Co. Ltd bought a new position in shares of TD SYNNEX in the second quarter worth about $55,000. MAI Capital Management lifted its position in shares of TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after buying an additional 203 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 405 shares during the period. Finally, Private Trust Co. NA increased its holdings in TD SYNNEX by 4,077.8% in the 2nd quarter. Private Trust Co. NA now owns 752 shares of the business services provider’s stock worth $102,000 after acquiring an additional 734 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Down 1.0%

SNX stock opened at $159.99 on Wednesday. The firm has a fifty day moving average price of $155.67 and a 200 day moving average price of $153.20. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $175.56. The firm has a market cap of $12.90 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the business earned $3.09 earnings per share. TD SYNNEX’s quarterly revenue 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. Sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group upped their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Morgan Stanley decreased their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.64.

Insider Buying and Selling at TD SYNNEX

In other news, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the transaction, the chief executive officer owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the sale, the director owned 42,515 shares of the company’s stock, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 85,916 shares of company stock worth $13,871,759 over the last ninety days. Company insiders own 1.00% of the company’s stock.

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.