TD SYNNEX (NYSE:SNX) Downgraded by Wall Street Zen to “Hold”

TD SYNNEX (NYSE:SNX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

Several other equities research analysts have also commented on the company. The Goldman Sachs Group boosted their price target on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Morgan Stanley raised their price objective on shares of TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. UBS Group raised their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $156.47 on Monday. The company has a 50-day simple moving average of $153.86 and a 200-day simple moving average of $138.91. TD SYNNEX has a one year low of $92.23 and a one year high of $167.76. 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 stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.43.

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

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the sale, the director owned 62,515 shares of the company’s stock, valued at $9,746,088.50. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction of $261,807.77. Following the completion of the sale, the insider directly owned 16,529 shares of the company’s stock, valued at $2,586,623.21. The trade was a 9.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,108 shares of company stock worth $1,564,778. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNX. Nuveen LLC acquired a new position in TD SYNNEX during the 1st quarter valued at about $121,259,000. Norges Bank acquired a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $124,618,000. Metropolis Capital Ltd bought a new position in shares of TD SYNNEX in the second quarter valued at approximately $115,168,000. Vanguard Group Inc. boosted its holdings in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after acquiring an additional 759,022 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock worth $405,441,000 after purchasing an additional 564,473 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

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.