Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells $26,344.25 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the sale, the director owned 6,995 shares in the company, valued at $1,103,461.25. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TD SYNNEX Price Performance

Shares of SNX opened at $156.57 on Friday. 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 1-year low of $92.23 and a 1-year high of $175.56. The stock has a market cap of $12.62 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The firm has a fifty day moving average price of $157.03 and a 200 day moving average price of $154.25.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) 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 company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the company posted $3.09 earnings per share. The business’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. As a group, sell-side analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. UBS Group raised their price objective 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. Barclays reduced their target price 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. Finally, Morgan Stanley decreased their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Institutional Investors Weigh In On TD SYNNEX

A number of hedge funds and other institutional investors have recently modified their holdings of SNX. Dorato Capital Management purchased a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $27,000. Ossiam increased its stake in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in TD SYNNEX in the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX during the third quarter worth $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in TD SYNNEX during the fourth quarter worth $32,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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.