TD SYNNEX Corporation $SNX Shares Sold by Activest Wealth Management

Activest Wealth Management reduced its holdings in TD SYNNEX Corporation (NYSE:SNX) by 47.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,463 shares of the business services provider’s stock after selling 4,000 shares during the quarter. Activest Wealth Management’s holdings in TD SYNNEX were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SNX. one8zero8 LLC increased its stake in shares of TD SYNNEX by 4.2% during the 3rd quarter. one8zero8 LLC now owns 3,750 shares of the business services provider’s stock valued at $614,000 after acquiring an additional 150 shares during the last quarter. Truist Financial Corp grew its holdings in TD SYNNEX by 5.5% in the third quarter. Truist Financial Corp now owns 26,494 shares of the business services provider’s stock valued at $4,338,000 after purchasing an additional 1,380 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in TD SYNNEX by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,202 shares of the business services provider’s stock worth $1,834,000 after purchasing an additional 223 shares during the last quarter. James Investment Research Inc. raised its stake in TD SYNNEX by 7.4% during the third quarter. James Investment Research Inc. now owns 1,896 shares of the business services provider’s stock worth $310,000 after purchasing an additional 131 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of TD SYNNEX by 1.6% in the 3rd quarter. Retirement Systems of Alabama now owns 92,728 shares of the business services provider’s stock valued at $15,184,000 after purchasing an additional 1,439 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $153.77, for a total value of $768,850.00. Following the transaction, the director owned 47,515 shares in the company, valued at approximately $7,306,381.55. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the sale, the director owned 7,162 shares of the company’s stock, valued at approximately $1,098,507.56. This trade represents a 2.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 17,177 shares of company stock valued at $2,638,371. 1.00% of the stock is currently owned by insiders.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $159.13 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The stock’s 50 day moving average price is $152.23 and its 200 day moving average price is $151.19. The firm has a market capitalization of $12.96 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37.

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

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.48 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, January 16th. TD SYNNEX’s payout ratio is 19.26%.

Analysts Set New Price Targets

A number of research firms have recently commented on SNX. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. The Goldman Sachs Group started coverage on TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target for the company. UBS Group lifted their price objective on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays dropped their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Company Profile

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.