Richard Hume Sells 12,991 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 12,991 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $160.34, for a total transaction of $2,082,976.94. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,618,555.10. The trade was a 21.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TD SYNNEX Price Performance

SNX stock opened at $158.65 on Friday. The firm has a market cap of $12.81 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.16 and a beta of 1.37. The firm’s fifty day moving average is $152.86 and its 200 day moving average is $151.46. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 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.

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 analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the firm earned $3.09 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.48 dividend. The ex-dividend date was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Barrington Research reaffirmed an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Barclays dropped their price objective on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. UBS Group boosted their target price on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Morgan Stanley dropped their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average target price of $170.64.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently added to or reduced their stakes in the stock. Ossiam increased its holdings in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Dorato Capital Management purchased a new stake in TD SYNNEX during the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX during the 3rd quarter valued at about $30,000. Brown Brothers Harriman & Co. raised its holdings in TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of TD SYNNEX in the third quarter worth approximately $42,000. 84.00% of the stock is owned by institutional investors.

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.