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

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TD SYNNEX Trading Down 1.2%

NYSE SNX traded down $2.78 during mid-day trading on Tuesday, hitting $236.14. The company’s stock had a trading volume of 1,593,212 shares, compared to its average volume of 835,346. TD SYNNEX Corporation has a 52-week low of $139.12 and a 52-week high of $296.47. The stock’s fifty day simple moving average is $254.25 and its two-hundred day simple moving average is $196.67. The firm has a market capitalization of $18.89 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. During the same quarter last year, the firm posted $2.99 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts expect that TD SYNNEX Corporation will post 18.02 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $0.48 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently bought and sold shares of SNX. Dorato Capital Management acquired a new position in TD SYNNEX in the fourth quarter valued at approximately $27,000. Ossiam lifted its holdings in shares of TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX during the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX during the 3rd quarter worth $30,000. Finally, Lloyd Advisory Services LLC. bought a new position in TD SYNNEX during the 4th quarter worth $32,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of analyst reports. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a report on Friday, June 26th. Morgan Stanley lifted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. UBS Group boosted their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. Finally, Barrington Research raised their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $294.67.

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.