TD SYNNEX (NYSE:SNX) Upgraded at Zacks Research

Zacks Research upgraded shares of TD SYNNEX (NYSE:SNX) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of TD SYNNEX from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Barclays upped their price target on shares of TD SYNNEX from $163.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. upped their price target on shares of TD SYNNEX from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. UBS Group upped their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. 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 research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $183.00.

TD SYNNEX Stock Up 2.4%

Shares of NYSE:SNX opened at $200.37 on Monday. The company has a market capitalization of $16.16 billion, a PE ratio of 16.66, a P/E/G ratio of 1.08 and a beta of 1.23. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. TD SYNNEX has a twelve month low of $96.14 and a twelve month high of $205.01. The firm has a 50 day simple moving average of $163.58 and a 200-day simple moving average of $156.98.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. On average, equities analysts predict that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

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

Insider Activity

In other TD SYNNEX news, Director Merline Saintil sold 167 shares of the business’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 transaction, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction on 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,140 shares of company stock valued at $12,953,944. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors have recently bought and sold shares of the company. Parcion Private Wealth LLC increased its stake in TD SYNNEX by 0.4% in 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 during the period. Cornerstone Wealth Management LLC grew its stake in shares of TD SYNNEX by 3.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock worth $310,000 after purchasing an additional 69 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of TD SYNNEX by 3.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after purchasing an additional 71 shares during the period. Quadrant Capital Group LLC grew its stake in shares of TD SYNNEX by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 73 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after purchasing an additional 74 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Key TD SYNNEX News

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

• Positive Sentiment: Q1 earnings and revenue substantially beat consensus, driving the initial move higher — EPS and sales upside improved near-term outlook and gave analysts reason to lift estimates. MarketBeat: TD SYNNEX Q1 / company page
• Positive Sentiment: Zacks upgraded SNX from “hold” to “strong-buy,” signaling sell-side momentum behind the stock and likely contributing to buying interest. TickerReport: Zacks upgrade
• Positive Sentiment: Zacks reports that earnings estimate revisions are trending up for SNX, which typically precedes additional analyst upgrades and supports higher multiples. Zacks: Surging earnings estimates
• Positive Sentiment: Major brokers have lifted price targets (e.g., Goldman to $205) and several analysts have reiterated buy/overweight ratings, adding conviction for momentum investors.
• Positive Sentiment: Company declared a quarterly dividend (small yield), and institutional buying reported in recent quarters shows continued large-holder interest — both supportive of the share price.
• Neutral Sentiment: Coverage pieces are questioning valuation after a large one‑year rally; these raise caution on near-term upside versus longer-term fundamentals. Yahoo: Is it too late after a 90% rally?
• Neutral Sentiment: Mainstream market pages and Q&A write-ups summarize the earnings call and analyst questions — useful for context but not new catalysts. CNN: SNX quote page MSN: analyst questions from Q1 call
• Negative Sentiment: CFO David Gregory Jordan sold 3,225 shares (~$611k). Insider selling can be a negative signal to some investors, though this single disclosed sale is relatively small versus institutional positions. AmericanBankingNews: CFO sale

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.