TD SYNNEX Corporation (SNX) – What Are Researchers Saying About This Stock?

TD SYNNEX Corporation (NYSE:SNX) has received a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $331.14.

Several brokerages have commented on SNX. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Barclays boosted their price target on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Morgan Stanley raised their price objective on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Finally, UBS Group boosted their price objective on TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, September 25th.

Insiders Place Their Bets

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of the business’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the sale, the insider owned 11,712 shares of the company’s stock, valued at $2,822,709.12. The trade was a 24.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,048 shares of company stock worth $2,546,814 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of TD SYNNEX

A number of large investors have recently bought and sold shares of SNX. Parkside Financial Bank & Trust grew its stake 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 period. Gamco Investors INC. ET AL lifted its stake in shares of TD SYNNEX by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock worth $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. lifted its stake in shares of TD SYNNEX by 2.9% in the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock worth $330,000 after purchasing an additional 56 shares during the period. Capital Analysts LLC boosted its holdings in shares of TD SYNNEX by 10.9% in the second quarter. Capital Analysts LLC now owns 598 shares of the business services provider’s stock worth $160,000 after buying an additional 59 shares during the last quarter. Finally, Waverly Advisors LLC boosted its holdings in shares of TD SYNNEX by 0.8% in the second quarter. Waverly Advisors LLC now owns 7,472 shares of the business services provider’s stock worth $1,998,000 after buying an additional 60 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Up 1.2%

Shares of SNX stock opened at $250.38 on Tuesday. TD SYNNEX has a 12 month low of $142.22 and a 12 month high of $298.77. The company has a market cap of $19.98 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $261.13 and its two-hundred day moving average is $223.53.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.98. The firm had revenue of $21.56 billion during the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The business’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities analysts predict that TD SYNNEX will post 20.35 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is 11.70%.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.