Analysts Set TD SYNNEX Corporation (NYSE:SNX) Price Target at $170.64

Shares of TD SYNNEX Corporation (NYSE:SNX) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $170.6364.

Several analysts have recently weighed in on SNX shares. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Barrington Research reissued an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. Morgan Stanley lowered their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Finally, Barclays dropped their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, January 9th.

TD SYNNEX Stock Performance

Shares of SNX opened at $153.28 on Monday. TD SYNNEX has a 12-month low of $92.23 and a 12-month high of $175.56. 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 company has a market cap of $12.36 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37. The stock has a 50-day moving average price of $157.35 and a 200-day moving average price of $154.48.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the business earned $3.09 earnings per share. TD SYNNEX’s revenue for the quarter was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, equities analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Insider Buying and Selling at TD SYNNEX

In other news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the sale, the chief executive officer owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,915 shares of company stock worth $13,111,786 over the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Trading of TD SYNNEX

Hedge funds have recently added to or reduced their stakes in the business. Parcion Private Wealth LLC increased its holdings in shares of TD SYNNEX by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after buying an additional 68 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in TD SYNNEX by 3.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 69 shares during the period. Ashton Thomas Private Wealth LLC grew its position in TD SYNNEX by 3.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after acquiring an additional 71 shares during the last quarter. Quadrant Capital Group LLC grew its position in TD SYNNEX by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock worth $1,140,000 after acquiring an additional 73 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in TD SYNNEX by 10.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after purchasing an additional 74 shares during the period. 84.00% of the stock is owned by institutional investors.

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.