Hsbc Holdings PLC Decreases Holdings in TD SYNNEX Corporation $SNX

Hsbc Holdings PLC trimmed its stake in TD SYNNEX Corporation (NYSE:SNX) by 28.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,438 shares of the business services provider’s stock after selling 1,732 shares during the period. Hsbc Holdings PLC’s holdings in TD SYNNEX were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNX. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of TD SYNNEX by 115.1% in the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider’s stock worth $36,000 after purchasing an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of TD SYNNEX in the 1st quarter worth $44,000. State of Wyoming increased its stake in shares of TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider’s stock worth $70,000 after purchasing an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after purchasing an additional 108 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Down 0.9%

SNX opened at $148.20 on Tuesday. The firm has a 50-day simple moving average of $143.91 and a two-hundred day simple moving average of $128.70. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $153.70. The company has a market capitalization of $12.22 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 EPS 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 business had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the prior year, the firm earned $2.73 EPS. The business’s revenue was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX’s dividend payout ratio is 20.56%.

Insider Activity at TD SYNNEX

In related news, insider Alim Dhanji sold 1,257 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the transaction, the insider owned 10,984 shares of the company’s stock, valued at approximately $1,564,231.44. This trade represents a 10.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 63,310 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 67,515 shares of the company’s stock, valued at approximately $9,197,568.45. The trade was a 48.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,888 shares of company stock worth $9,115,025 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SNX shares. Loop Capital increased their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Barclays set a $140.00 price target on TD SYNNEX in a research note on Tuesday, June 24th. Royal Bank Of Canada increased their price target on TD SYNNEX from $145.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. increased their price target on TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average price target of $151.30.

TD SYNNEX Company Profile

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.