Hsbc Holdings PLC Has $4.89 Million Holdings in TD SYNNEX Corporation $SNX

Hsbc Holdings PLC cut its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,352 shares of the business services provider’s stock after selling 33,519 shares during the quarter. Hsbc Holdings PLC’s holdings in TD SYNNEX were worth $4,890,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC grew its holdings in shares of TD SYNNEX by 25.3% in the 4th quarter. Virtu Financial LLC now owns 2,008 shares of the business services provider’s stock worth $302,000 after purchasing an additional 405 shares during the last quarter. Invesco Ltd. lifted its holdings in TD SYNNEX by 5.3% during the 4th quarter. Invesco Ltd. now owns 741,328 shares of the business services provider’s stock valued at $111,370,000 after purchasing an additional 37,305 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in TD SYNNEX by 230.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,490 shares of the business services provider’s stock valued at $975,000 after buying an additional 4,526 shares in the last quarter. Vident Advisory LLC grew its stake in TD SYNNEX by 28.2% during the fourth quarter. Vident Advisory LLC now owns 34,926 shares of the business services provider’s stock worth $5,247,000 after buying an additional 7,687 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in TD SYNNEX during the fourth quarter worth about $760,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the subject of a number of research analyst reports. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. UBS Group increased their price target on TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research report on Friday, June 26th. Finally, Barrington Research boosted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX presently has an average rating of “Buy” and an average target price of $294.67.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $250.13 on Friday. The company has a market cap of $20.00 billion, a PE ratio of 17.91, a PEG ratio of 0.69 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 1 year low of $139.23 and a 1 year high of $296.47. The company’s 50-day moving average is $255.36 and its two-hundred day moving average is $198.63.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the previous year, the company earned $2.99 EPS. TD SYNNEX’s revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 18.02 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, July 17th. TD SYNNEX’s payout ratio is currently 13.74%.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,000 shares of company stock worth $4,933,700. Insiders own 0.70% of the company’s stock.

TD SYNNEX Company Profile

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.