Brokerages Set TD SYNNEX Corporation (NYSE:SNX) PT at $170.64

TD SYNNEX Corporation (NYSE:SNX) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $170.6364.

SNX has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Barclays dropped their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Royal Bank Of Canada reaffirmed 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. Finally, Wall Street Zen downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th.

Insider Buying and Selling

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of the business’s stock in a transaction dated 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 directly owned 7,162 shares of the company’s stock, valued at approximately $1,098,507.56. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 23,365 shares of TD SYNNEX stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director owned 42,515 shares of the company’s stock, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 85,916 shares of company stock worth $13,871,759 over the last three months. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in TD SYNNEX during the 4th quarter worth approximately $148,559,000. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX in the 3rd quarter valued at $135,631,000. Vanguard Group Inc. increased its position in shares of TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after buying an additional 759,022 shares in the last quarter. Victory Capital Management Inc. raised its stake in TD SYNNEX by 123.6% during the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after buying an additional 402,573 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in TD SYNNEX during the fourth quarter worth about $60,104,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Trading Up 2.7%

SNX stock opened at $161.69 on Thursday. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $175.56. 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 business’s 50 day moving average is $155.41 and its 200-day moving average is $152.90. The firm has a market cap of $13.04 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.16 and a beta of 1.38.

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

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s payout ratio is currently 19.26%.

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.