TD SYNNEX (NYSE:SNX) Hits New 52-Week High Following Earnings Beat

TD SYNNEX Corporation (NYSE:SNX) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $298.77 and last traded at $288.12, with a volume of 2575230 shares traded. The stock had previously closed at $283.25.

The business services provider reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. The business had revenue of $21.56 billion for the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the business earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Fiscal Q3 EPS was $5.68, well above the roughly $4.70 consensus, while revenue rose 37.7% year over year to $21.56 billion, also exceeding expectations. Growth was led by the core Distribution business and Hyve Solutions. TD SYNNEX Q3 Earnings Beat Estimates on Distribution and Hyve Strength
• Positive Sentiment: Management issued substantially stronger-than-expected fourth-quarter guidance: adjusted EPS of $5.65-$6.15 versus the $4.80 consensus and revenue of $21.8-$22.6 billion versus estimates of $19.4 billion. TD Synnex Analysts Boost Their Forecasts After Q3 Results
• Positive Sentiment: Analysts raised their forecasts following the results, while management said AI infrastructure demand is accelerating as Hyve expands. Record billings and continued data-center demand support the growth outlook. SNX Q3 Earnings Call Highlights AI Infrastructure Momentum
• Neutral Sentiment: TD SYNNEX declared a quarterly dividend of $0.48 per share, or $1.92 annualized. The payout provides modest shareholder income but is unlikely to be the primary driver of the stock’s near-term performance.
• Negative Sentiment: The main concern is cash generation: rapid AI-related expansion consumed nearly $1 billion in free cash flow during the quarter. Higher inventory and working-capital needs, along with margin pressure in Hyve, prompted some investors to question the quality and sustainability of the growth. TD SYNNEX Burned Nearly $1 Billion in Cash
• Negative Sentiment: Reported insider-trading data showed selling rather than buying by several executives over the past six months, which may add a modest sentiment headwind, although it is less significant than the earnings and cash-flow issues. SYNNEX Releases Q3 2026 Earnings

Analysts Set New Price Targets

Several research firms recently weighed in on SNX. Barrington Research lifted 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. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TD SYNNEX in a research note on Monday, September 14th. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, UBS Group boosted their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $331.14.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were 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 of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Hume sold 5,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,273 shares of company stock valued at $2,851,852 in the last three months. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its position in shares of TD SYNNEX by 32.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 158 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 39 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in TD SYNNEX by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock valued at $787,000 after buying an additional 52 shares during the last quarter. Essex Financial Services Inc. raised its position in TD SYNNEX by 2.9% in the first quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock worth $330,000 after acquiring an additional 56 shares during the period. Capital Analysts LLC boosted its stake in shares of TD SYNNEX by 10.9% during the 2nd quarter. Capital Analysts LLC now owns 598 shares of the business services provider’s stock worth $160,000 after acquiring an additional 59 shares during the last quarter. Finally, Waverly Advisors LLC grew its position in shares of TD SYNNEX by 0.8% during the 2nd quarter. Waverly Advisors LLC now owns 7,472 shares of the business services provider’s stock valued at $1,998,000 after acquiring an additional 60 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Price Performance

The firm has a 50 day moving average price of $257.35 and a 200 day moving average price of $237.39. The stock has a market capitalization of $21.02 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.72 and a beta of 1.43. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.