TD SYNNEX (NYSE:SNX) Director Richard Hume Sells 23,365 Shares

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 23,365 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares in the company, valued at approximately $6,829,184.45. The trade was a 35.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $164.19 on Thursday. The company has a market cap of $13.26 billion, a P/E ratio of 16.47, a PEG ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $153.49 and a two-hundred day moving average price of $151.87. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its earnings results 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. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently announced 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. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s payout ratio is currently 19.26%.

Institutional Trading of TD SYNNEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TD SYNNEX by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after buying an additional 1,460 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in TD SYNNEX by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after acquiring an additional 9,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TD SYNNEX by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after acquiring an additional 12,615 shares in the last quarter. Truist Financial Corp boosted its holdings in TD SYNNEX by 15.8% during the 2nd quarter. Truist Financial Corp now owns 25,114 shares of the business services provider’s stock worth $3,408,000 after acquiring an additional 3,418 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TD SYNNEX in the 2nd quarter worth $92,000. 84.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNX shares. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Barclays dropped their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Barrington Research reissued an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Finally, Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $170.64.

About TD SYNNEX

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.