TD SYNNEX (NYSE:SNX) Director Merline Saintil Sells 336 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Merline Saintil sold 336 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the sale, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

TD SYNNEX Stock Down 1.6%

Shares of NYSE:SNX opened at $150.89 on Wednesday. The business has a 50-day moving average price of $154.01 and a 200 day moving average price of $139.56. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76.

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

TD SYNNEX Dividend Announcement

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

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after buying an additional 188 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of TD SYNNEX during the third quarter worth about $42,000. Cullen Frost Bankers Inc. acquired a new position in shares of TD SYNNEX during the first quarter worth about $44,000. Quarry LP acquired a new position in shares of TD SYNNEX during the first quarter worth about $51,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of TD SYNNEX during the second quarter worth about $55,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent analyst reports. Barrington Research raised their price objective on TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Morgan Stanley lifted their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Royal Bank Of Canada lifted their target price on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Bank of America lifted their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group lifted their target price on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.55.

About TD SYNNEX

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.