TD SYNNEX Corporation $SNX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in TD SYNNEX Corporation (NYSE:SNX) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,170,247 shares of the business services provider’s stock after selling 78,392 shares during the period. Vanguard Group Inc. owned about 0.10% of TD SYNNEX worth $1,337,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in TD SYNNEX during the third quarter valued at approximately $42,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $55,000. MAI Capital Management increased its holdings 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 purchasing an additional 203 shares in the last quarter. Hantz Financial Services Inc. lifted its stake 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 valued at $60,000 after purchasing an additional 405 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of TD SYNNEX by 17.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 126 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $161.27 on Friday. The stock has a market capitalization of $13.00 billion, a P/E ratio of 16.18, a PEG ratio of 1.16 and a beta of 1.38. The business has a 50 day simple moving average of $155.97 and a two-hundred day simple moving average of $153.44. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $175.56. 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 (NYSE:SNX) last posted 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 return on equity of 12.60% and a net margin of 1.32%.The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the prior year, the company earned $3.09 EPS. The firm’s 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. As a group, analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid 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 dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s payout ratio is 19.26%.

Analyst Ratings Changes

A number of research analysts have weighed in on SNX shares. UBS Group lifted their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a report on Friday, January 9th. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Morgan Stanley lowered 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. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, The Goldman Sachs Group initiated coverage on TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

Insider Buying and Selling

In other news, Director Merline Saintil sold 168 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 85,916 shares of company stock worth $13,871,759. 1.00% of the stock is owned by insiders.

TD SYNNEX Company 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.