TD SYNNEX Corporation (NYSE:SNX) Receives Average Recommendation of “Buy” from Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have received an average recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $294.6667.

SNX has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a research report on Wednesday, May 27th. Barrington Research boosted their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research note on Friday, June 26th. Morgan Stanley increased their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, UBS Group raised their price objective on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,273 shares of company stock valued at $4,090,402. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of TD SYNNEX

A number of institutional investors have recently bought and sold shares of the company. Ossiam lifted its holdings in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TD SYNNEX during the 4th quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its position in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after purchasing an additional 62 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock worth $34,000 after purchasing an additional 174 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

NYSE SNX opened at $262.74 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $261.71 and its two-hundred day moving average is $211.77. TD SYNNEX has a 12-month low of $139.23 and a 12-month high of $296.47. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.74 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same period last year, the firm earned $2.99 EPS. The company’s quarterly revenue 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 will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

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.