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

TD SYNNEX Corporation (NYSE:SNX) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $183.00.

Several analysts recently weighed in on SNX shares. Barclays increased their target price on TD SYNNEX from $163.00 to $166.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Morgan Stanley increased their price objective on TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. UBS Group raised their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th.

Insider Transactions at TD SYNNEX

In other news, Director Merline Saintil sold 167 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the transaction, the director owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,634,235.05. The trade was a 34.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of TD SYNNEX

Several institutional investors have recently modified their holdings of the company. Dorato Capital Management bought a new stake in shares of TD SYNNEX during the fourth quarter valued at approximately $27,000. Ossiam raised its stake in shares of TD SYNNEX by 84.3% in the third 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. Aster Capital Management DIFC Ltd bought a new position in TD SYNNEX in the fourth quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX during the third quarter worth $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in TD SYNNEX during the fourth quarter worth $32,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of SNX opened at $186.90 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.75. TD SYNNEX has a one year low of $92.23 and a one year high of $191.79. The company’s fifty day moving average price is $160.60 and its 200 day moving average price is $155.72.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.49. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $2.80 earnings per share. As a group, analysts expect that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

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

More 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.