TD SYNNEX (NYSE:SNX) Hits New 52-Week High – Time to Buy?

Shares of TD SYNNEX Corporation (NYSE:SNX) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $169.98 and last traded at $170.3850, with a volume of 25281 shares traded. The stock had previously closed at $164.19.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNX. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target for the company. Morgan Stanley dropped their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Stock Performance

The company has a market cap of $13.80 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. The firm has a fifty day simple moving average of $154.12 and a 200 day simple moving average of $152.21.

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. The firm had revenue of $17.38 billion during 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 revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently declared 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 of this dividend was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.1%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Insiders Place Their Bets

In related news, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly 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 Securities & Exchange Commission, which is available through this link. Also, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the sale, the director owned 7,162 shares in the company, valued at $1,098,507.56. This represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 72,016 shares of company stock worth $11,486,936 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of TD SYNNEX

Several institutional investors have recently modified their holdings of the company. Dorato Capital Management bought a new stake in TD SYNNEX in the 4th quarter valued at $27,000. Ossiam lifted its stake in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX during the third quarter valued at approximately $30,000. Lloyd Advisory Services LLC. acquired a new position in shares of TD SYNNEX in the 4th quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of TD SYNNEX by 675.9% during the 3rd 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 period. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.