AE Wealth Management LLC Trims Stock Holdings in TD SYNNEX Corporation $SNX

AE Wealth Management LLC lowered its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 55.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,246 shares of the business services provider’s stock after selling 7,785 shares during the period. AE Wealth Management LLC’s holdings in TD SYNNEX were worth $1,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SNX. Vanguard Group Inc. lifted its holdings in TD SYNNEX by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after purchasing an additional 759,022 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of TD SYNNEX by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after buying an additional 330,085 shares during the period. State Street Corp lifted its holdings in shares of TD SYNNEX by 0.7% in the second quarter. State Street Corp now owns 2,363,709 shares of the business services provider’s stock worth $320,755,000 after buying an additional 15,400 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TD SYNNEX by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock worth $188,908,000 after buying an additional 10,392 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in shares of TD SYNNEX by 44.8% in the third quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider’s stock valued at $201,184,000 after acquiring an additional 379,904 shares during the period. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Price Performance

SNX opened at $161.13 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.01 billion, a P/E ratio of 16.16, a PEG ratio of 1.15 and a beta of 1.38. The stock has a 50-day moving average price of $153.25 and a 200-day moving average price of $151.78. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping 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 company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the previous year, the company posted $3.09 EPS. TD SYNNEX’s quarterly revenue 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. Equities analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors 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 represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 25,000 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $7,634,235.05. The trade was a 34.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 48,651 shares of company stock worth $7,733,817. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Barrington Research reissued an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Finally, Morgan Stanley lowered their price target on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX 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.