TD SYNNEX (NYSE:SNX) Price Target Raised to $205.00 at The Goldman Sachs Group

TD SYNNEX (NYSE:SNX) had its target price raised by The Goldman Sachs Group from $180.00 to $205.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other research firms have also commented on SNX. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. UBS Group raised their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of TD SYNNEX from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley upped their price target on shares of TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.00.

TD SYNNEX Trading Up 0.3%

SNX opened at $186.90 on Thursday. The firm’s fifty day moving average is $160.60 and its two-hundred day moving average is $155.72. The firm has a market cap of $15.07 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. TD SYNNEX has a twelve month low of $92.23 and a twelve month high of $191.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.22.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 EPS. Equities research analysts anticipate that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.0%. TD SYNNEX’s dividend payout ratio (DPR) is 15.96%.

Insider Transactions at TD SYNNEX

In other news, CEO Patrick Zammit sold 13,900 shares of the stock in a transaction dated Friday, February 6th. The shares were 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 $29,326,116.96. This represents a 7.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares of the company’s stock, valued at $6,829,184.45. The trade was a 35.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,915 shares of company stock valued at $13,111,786 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dorato Capital Management acquired a new stake in shares of TD SYNNEX in the 4th quarter valued at approximately $27,000. Ossiam raised its position 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 acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in TD SYNNEX in the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX in the 3rd quarter valued at about $30,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of TD SYNNEX in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Key TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 results and upbeat guidance — SNX reported fiscal Q1 revenue of $17.16B (+18.1% Y/Y) and non‑GAAP EPS of $4.73, well above expectations; management tied strength to hyperscaler and AI/cloud demand and gave Q2 revenue and EPS guidance that implied continued momentum. Quiver Quant Article
• Positive Sentiment: Hyve acceleration — Hyve Solutions now represents ~27% of EBIT, delivered strong revenue growth (reported ~24%), and onboarded three new U.S. hyperscaler customers, lowering concentration risk and supporting multi-year EPS upside. Seeking Alpha: Expecting EPS Growth
• Positive Sentiment: Analyst upgrades — Goldman Sachs raised its price target to $205 (buy) and RBC raised its PT to $210 (outperform), signaling analyst confidence in SNX’s growth trajectory and providing additional buying support. Benzinga: Goldman Sachs
• Neutral Sentiment: JPMorgan moved its target up to $185 but kept a neutral rating — a modest tweak that is less bullish than other banks and implies limited near-term upside from that shop. Benzinga: JPMorgan
• Neutral Sentiment: Full earnings materials and call transcript are available for deeper read — useful for validating management’s AI/cloud commentary and margin drivers. InsiderMonkey Transcript
• Negative Sentiment: Some analyst targets still conservative — Barclays’ target was lifted only to $166 (equal weight), which is below the current trading level and could cap upside from that cohort. TickerReport / Benzinga
• Negative Sentiment: Insider and institutional selling noted — Quiver flagged extensive insider sales and major institutional reductions in recent quarters, which is a potential headwind if it continues. Quiver Quant: Insider & Fund Activity

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.