TD SYNNEX (NYSE:SNX) Downgraded by Wall Street Zen to “Hold”

TD SYNNEX (NYSE:SNX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts have also weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price for the company. UBS Group lifted their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Morgan Stanley reduced their price target on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Nine equities 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, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $171.88 on Tuesday. The stock’s fifty day moving average price is $154.52 and its two-hundred day moving average price is $152.44. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.23 and a beta of 1.38. TD SYNNEX has a one year low of $92.23 and a one year high of $173.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last issued its earnings results 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. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, equities analysts forecast that TD SYNNEX will post 11.88 EPS for the current year.

Insider Activity

In related news, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the completion of the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Merline Saintil sold 168 shares of the business’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 completion of the transaction, the director owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 85,916 shares of company stock valued at $13,871,759 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of large investors have recently bought and sold shares of SNX. Geode Capital Management LLC grew its stake in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after purchasing an additional 99,090 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of TD SYNNEX in the 4th quarter valued at about $437,000. Fisher Asset Management LLC purchased a new stake in shares of TD SYNNEX in the fourth quarter valued at approximately $1,243,000. Clearstead Advisors LLC raised its position in TD SYNNEX by 159.0% during the fourth quarter. Clearstead Advisors LLC now owns 303 shares of the business services provider’s stock worth $46,000 after acquiring an additional 186 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of TD SYNNEX by 33.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,153 shares of the business services provider’s stock worth $173,000 after purchasing an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.