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

TD SYNNEX (NYSE:SNX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other equities analysts also recently issued reports on SNX. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Barclays dropped their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Morgan Stanley cut their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. UBS Group increased their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Stock Performance

NYSE SNX opened at $153.29 on Friday. The company has a market cap of $12.48 billion, a P/E ratio of 15.38, a PEG ratio of 1.10 and a beta of 1.37. The company has a fifty day simple moving average of $151.57 and a 200 day simple moving average of $150.86. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. TD SYNNEX has a 12-month low of $92.23 and a 12-month high of $167.76.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate 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 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 prior year, the company posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the sale, the director owned 7,162 shares of the company’s stock, valued at $1,098,507.56. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $153.77, for a total transaction of $768,850.00. Following the completion of the sale, the director directly owned 47,515 shares in the company, valued at $7,306,381.55. This represents a 9.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 17,177 shares of company stock worth $2,638,371. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Parcion Private Wealth LLC raised its holdings in shares of TD SYNNEX by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of TD SYNNEX by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock worth $310,000 after acquiring an additional 69 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of TD SYNNEX by 10.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after acquiring an additional 74 shares during the last quarter. Ossiam boosted its stake in shares of TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Finally, BTC Capital Management Inc. grew its holdings in shares of TD SYNNEX by 3.1% during the 3rd quarter. BTC Capital Management Inc. now owns 2,996 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 91 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

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.