TD SYNNEX (NYSE:SNX) Director Richard Hume Sells 492 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 492 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $160.41, for a total value of $78,921.72. Following the completion of the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,621,881.15. This trade represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TD SYNNEX Trading Up 1.2%

Shares of SNX stock opened at $160.59 on Tuesday. The firm has a fifty day moving average of $153.07 and a 200-day moving average of $151.65. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.14 and a beta of 1.38. 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 results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping 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 firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter last year, the company 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. On average, equities research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal 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 issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, January 16th. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in TD SYNNEX during the 2nd quarter valued at about $124,618,000. Alyeska Investment Group L.P. acquired a new stake in shares of TD SYNNEX during the 3rd quarter worth approximately $135,631,000. Vanguard Group Inc. raised its stake in shares of TD SYNNEX by 10.1% during 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 buying an additional 759,022 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after buying an additional 402,573 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in TD SYNNEX in the fourth quarter valued at approximately $60,104,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SNX shares. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th. Finally, 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 report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.