TD SYNNEX Corporation $SNX Stake Boosted by US Bancorp DE

US Bancorp DE grew its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,361 shares of the business services provider’s stock after purchasing an additional 266 shares during the quarter. US Bancorp DE’s holdings in TD SYNNEX were worth $863,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. LGT Fund Management Co Ltd. grew its holdings in shares of TD SYNNEX by 75.7% during the second quarter. LGT Fund Management Co Ltd. now owns 42,169 shares of the business services provider’s stock valued at $5,722,000 after purchasing an additional 18,169 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of TD SYNNEX during the second quarter valued at approximately $129,000. Ascent Group LLC bought a new position in shares of TD SYNNEX during the second quarter valued at approximately $221,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TD SYNNEX during the second quarter valued at approximately $92,000. Finally, Metropolis Capital Ltd bought a new position in shares of TD SYNNEX during the second quarter valued at approximately $115,168,000. 84.00% of the stock is owned by institutional investors.

Insider Transactions at TD SYNNEX

In other news, insider Alim Dhanji sold 1,257 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the sale, the insider owned 10,984 shares in the company, valued at approximately $1,564,231.44. This 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, CFO Marshall Witt sold 861 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total value of $129,012.24. Following the sale, the chief financial officer owned 49,777 shares of the company’s stock, valued at $7,458,585.68. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,930 shares of company stock valued at $1,209,663. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SNX. Royal Bank Of Canada increased their price objective on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Morgan Stanley increased their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. UBS Group increased their price objective on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Finally, Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $153.17 on Friday. The stock has a fifty day moving average price of $152.54 and a two-hundred day moving average price of $134.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The firm has a market cap of $12.47 billion, a P/E ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $167.76.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

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.