TD SYNNEX Corporation $SNX Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 13.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 15,600 shares of the business services provider’s stock after selling 2,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in TD SYNNEX were worth $2,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNX. Crossmark Global Holdings Inc. increased its position in TD SYNNEX by 1.6% during the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock worth $630,000 after purchasing an additional 94 shares during the last quarter. State of Michigan Retirement System increased its position in TD SYNNEX by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock worth $1,873,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its position in TD SYNNEX by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock worth $2,194,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased its position in TD SYNNEX by 16.8% during the first quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after purchasing an additional 108 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in TD SYNNEX by 19.1% during the first quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider’s stock worth $76,000 after purchasing an additional 116 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the transaction, the director owned 6,079 shares of the company’s stock, valued at $914,403.18. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,930 shares of company stock valued at $430,163. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX Trading Down 3.2%

NYSE SNX opened at $151.54 on Monday. The firm has a 50 day simple moving average of $151.37 and a 200-day simple moving average of $133.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.17 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. During the same period in the previous year, the business posted $2.86 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

Analyst Ratings Changes

Several brokerages have weighed in on SNX. JPMorgan Chase & Co. increased their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Barrington Research increased their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Bank of America increased their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Finally, Barclays increased their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.