TD SYNNEX Corporation $SNX Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,615 shares of the business services provider’s stock after purchasing an additional 935 shares during the period. LPL Financial LLC’s holdings in TD SYNNEX were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in TD SYNNEX by 115.1% in the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider’s stock valued at $36,000 after buying an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in TD SYNNEX during the first quarter worth about $44,000. State of Wyoming boosted its position in TD SYNNEX by 51.9% during the fourth quarter. State of Wyoming now owns 594 shares of the business services provider’s stock worth $70,000 after acquiring an additional 203 shares during the last quarter. GAMMA Investing LLC boosted its position in TD SYNNEX by 16.8% during the first quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after acquiring an additional 108 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in TD SYNNEX by 95.8% in the 1st quarter. UMB Bank n.a. now owns 840 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 411 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on SNX shares. Loop Capital boosted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, June 30th. Barclays set a $140.00 target price on shares of TD SYNNEX in a research note on Tuesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $145.00 target price on shares of TD SYNNEX in a report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average price target of $149.30.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 63,310 shares of TD SYNNEX stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the transaction, the director directly owned 67,515 shares of the company’s stock, valued at $9,197,568.45. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total transaction of $189,153.15. Following the transaction, the chief financial officer directly owned 49,563 shares in the company, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,888 shares of company stock valued at $9,115,025 over the last three months. Insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Performance

NYSE:SNX opened at $144.49 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $140.58 and a two-hundred day moving average price of $128.59. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $153.70. The company has a market capitalization of $11.92 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.32.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm posted $2.73 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is currently 20.56%.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.