TD SYNNEX (NYSE:SNX) Director Sells $78,921.72 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 492 shares of TD SYNNEX stock in a transaction on Friday, January 30th. The stock was sold at an average price of $160.41, for a total value of $78,921.72. Following the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,621,881.15. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

TD SYNNEX Stock Up 1.9%

TD SYNNEX stock opened at $164.19 on Thursday. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The stock’s fifty day moving average is $153.49 and its two-hundred day moving average is $151.87.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio is currently 19.26%.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently modified their holdings of the stock. Dorato Capital Management acquired a new position in TD SYNNEX during the fourth quarter worth approximately $27,000. Ossiam grew its stake in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX during the 3rd quarter valued at $30,000. Brown Brothers Harriman & Co. increased its holdings in shares of TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of TD SYNNEX in the 3rd quarter worth $42,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNX shares. Barrington Research reissued an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Barclays reduced their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley reduced their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.