TD SYNNEX Corporation (NYSE:SNX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $170.6364.

A number of brokerages recently weighed in on SNX. 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. Barrington Research reiterated an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research report on Friday, January 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. UBS Group upped their target price 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, January 21st.

TD SYNNEX Stock Down 0.9%

SNX stock opened at $156.57 on Monday. The stock has a market cap of $12.62 billion, a P/E ratio of 15.70, a PEG ratio of 1.12 and a beta of 1.37. 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 twelve month low of $92.23 and a twelve month high of $175.56. The company’s 50 day moving average is $157.03 and its two-hundred day moving average is $154.31.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) 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 analysts’ expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Research analysts expect that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders 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 dividend yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. TD SYNNEX’s payout ratio is 19.26%.

Insider Activity

In related news, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares in the company, valued at $7,634,235.05. This represents a 34.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Merline Saintil sold 167 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the transaction, the director directly owned 6,995 shares in the company, valued at $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 80,915 shares of company stock valued at $13,111,786 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of TD SYNNEX during the fourth quarter worth about $148,559,000. Alyeska Investment Group L.P. purchased a new stake in TD SYNNEX during the 3rd quarter valued at approximately $135,631,000. Vanguard Group Inc. raised its stake in TD SYNNEX by 10.1% during 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 acquiring an additional 759,022 shares during the last quarter. AQR Capital Management LLC lifted its position in TD SYNNEX by 141.8% during the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock worth $140,431,000 after acquiring an additional 548,180 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of TD SYNNEX by 123.6% in the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock valued at $119,263,000 after purchasing an additional 402,573 shares during the last quarter. 84.00% of the stock is 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.