TD SYNNEX Corporation (NYSE:SNX) Given Consensus Rating of “Moderate Buy” by Analysts

TD SYNNEX Corporation (NYSE:SNX) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $170.6364.

SNX has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Barrington Research reaffirmed an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research note on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research report on Tuesday. They issued a “buy” rating and a $180.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $175.00 price target on TD SYNNEX in a report on Thursday, September 25th.

TD SYNNEX Trading Down 0.2%

Shares of SNX stock opened at $150.05 on Friday. The stock has a market capitalization of $12.22 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The company has a 50 day moving average price of $151.68 and a 200 day moving average price of $150.50.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.15. The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts predict that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio is currently 19.26%.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $153.77, for a total transaction of $768,850.00. Following the completion of the transaction, the director owned 47,515 shares in the company, valued at $7,306,381.55. The trade was a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Merline Saintil sold 336 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. This represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,939 shares of company stock worth $2,910,688. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors have recently bought and sold shares of the stock. Ossiam lifted its holdings in shares of TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Dorato Capital Management purchased a new position in shares of TD SYNNEX during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX in the third quarter worth $30,000. Brown Brothers Harriman & Co. increased its holdings in shares of TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in TD SYNNEX during the third quarter worth about $42,000. 84.00% of the stock is currently owned by institutional investors.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.