Franklin Resources Inc. Trims Holdings in TD SYNNEX Corporation $SNX

Franklin Resources Inc. lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 49.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,495 shares of the business services provider’s stock after selling 24,406 shares during the period. Franklin Resources Inc.’s holdings in TD SYNNEX were worth $3,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in TD SYNNEX by 329.8% during the first 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. Caitong International Asset Management Co. Ltd acquired a new position in TD SYNNEX during the 2nd quarter worth about $55,000. MAI Capital Management lifted its stake in TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after acquiring an additional 203 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in TD SYNNEX by 1,012.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 405 shares during the period. Finally, Quarry LP acquired a new position in TD SYNNEX in the 1st quarter valued at about $51,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SNX shares. Barrington Research increased their price target on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Barclays increased their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. UBS Group upped their price objective on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group boosted their target price on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. One equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $152.11, for a total value of $760,550.00. Following the completion of the transaction, the director owned 52,515 shares in the company, valued at $7,988,056.65. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Merline Saintil sold 336 shares of TD SYNNEX stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the sale, the director owned 7,330 shares in the company, valued at $1,141,940.70. This trade represents a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,632 shares of company stock valued at $3,024,583 in the last quarter. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $153.53 on Wednesday. The company has a market cap of $12.50 billion, a P/E ratio of 16.65, a PEG ratio of 1.19 and a beta of 1.41. The firm has a fifty day moving average price of $154.13 and a 200 day moving average price of $144.52. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. The company had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.TD SYNNEX’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio is currently 19.09%.

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.