AIA Group Ltd Boosts Stock Position in TD SYNNEX Corporation $SNX

AIA Group Ltd increased its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 47.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,635 shares of the business services provider’s stock after acquiring an additional 4,377 shares during the period. AIA Group Ltd’s holdings in TD SYNNEX were worth $2,233,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after buying an additional 1,460 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of TD SYNNEX by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after acquiring an additional 9,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TD SYNNEX by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after acquiring an additional 12,615 shares during the period. ProShare Advisors LLC raised its stake in shares of TD SYNNEX by 3.1% in the second quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 101 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of TD SYNNEX by 6.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,190 shares of the business services provider’s stock valued at $2,604,000 after acquiring an additional 1,181 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

NYSE SNX opened at $155.38 on Friday. The company has a fifty day moving average of $157.61 and a two-hundred day moving average of $154.62. The company has a market capitalization of $12.53 billion, a PE ratio of 15.58, a P/E/G ratio of 1.10 and a beta of 1.37. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $175.56. 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 posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.15. The business had revenue of $17.38 billion during 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 period in the prior year, the company earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current 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 given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Insider Buying and Selling at TD SYNNEX

In other news, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the sale, the director owned 6,995 shares in the company, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the transaction, the director owned 47,515 shares in the company, valued at $7,634,235.05. The trade was a 34.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays lowered their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, January 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note 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 report on Friday, January 9th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, UBS Group raised their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus 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.