Richard Hume Sells 25,000 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the transaction, the director owned 47,515 shares in the company, valued at $7,634,235.05. This represents a 34.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $158.65 on Friday. The firm’s 50-day moving average price is $152.86 and its 200-day moving average price 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 market cap of $12.81 billion, a PE ratio of 15.91, a PEG ratio of 1.16 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm earned $3.09 earnings per share. The firm’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. As a group, analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were issued a $0.48 dividend. The ex-dividend date of this dividend 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 dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Morgan Stanley lowered their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. UBS Group upped their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $170.64.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of TD SYNNEX during the 2nd quarter valued at $124,618,000. Metropolis Capital Ltd bought a new stake in TD SYNNEX during the second quarter valued at about $115,168,000. Alyeska Investment Group L.P. purchased a new position in shares of TD SYNNEX in the third quarter valued at about $135,631,000. Vanguard Group Inc. boosted its stake 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 worth $1,119,340,000 after acquiring an additional 759,022 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of TD SYNNEX by 123.6% during the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after purchasing an additional 402,573 shares in the last quarter. 84.00% of the stock is currently 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.