TD SYNNEX Corporation $SNX Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 38.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,528 shares of the business services provider’s stock after selling 971 shares during the period. AlphaQuest LLC’s holdings in TD SYNNEX were worth $207,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in TD SYNNEX by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock worth $630,000 after acquiring an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in TD SYNNEX by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock worth $2,194,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System lifted its stake in TD SYNNEX by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. raised its position in TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 104 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SNX. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley increased their price target on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group increased their price target on TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $156.47 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The firm has a market capitalization of $12.74 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The stock’s 50-day simple moving average is $153.86 and its 200-day simple moving average is $138.91.

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

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were 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 was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Insider Activity

In related news, insider Miriam Anne Murphy sold 1,673 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the transaction, the insider owned 16,529 shares in the company, valued at $2,586,623.21. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann F. Vezina sold 812 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the transaction, the director owned 6,079 shares in the company, valued at $914,403.18. This represents a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,108 shares of company stock worth $1,564,778 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX 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.