Richard Hume Sells 5,000 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $153.81, for a total value of $769,050.00. Following the completion of the sale, the director directly owned 57,515 shares in the company, valued at $8,846,382.15. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $153.34 on Thursday. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The firm has a market capitalization of $12.49 billion, a PE ratio of 16.63, a PEG ratio of 1.19 and a beta of 1.41. The business’s 50 day moving average is $154.09 and its 200-day moving average is $139.66. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

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

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. 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

A number of institutional investors and hedge funds have recently bought and sold shares of SNX. Vanguard Group Inc. increased its stake in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after buying an additional 759,022 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TD SYNNEX by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after acquiring an additional 330,085 shares during the last quarter. Ninety One UK Ltd grew its holdings in TD SYNNEX by 15.0% during the 2nd quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock worth $400,275,000 after acquiring an additional 384,518 shares during the last quarter. Abrams Bison Investments LLC grew its holdings in TD SYNNEX by 19.4% during the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after acquiring an additional 435,000 shares during the last quarter. Finally, State Street Corp grew its holdings in TD SYNNEX by 0.7% during the 2nd quarter. State Street Corp now owns 2,363,709 shares of the business services provider’s stock worth $320,755,000 after acquiring an additional 15,400 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays lifted their price objective on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report 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, Royal Bank Of Canada boosted their price target on TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus 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.