TD SYNNEX Corporation (NYSE:SNX) Receives $149.30 Consensus Target Price from Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $151.30.

SNX has been the topic of several analyst reports. Morgan Stanley set a $155.00 target price on shares of TD SYNNEX and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Royal Bank Of Canada boosted their price objective on shares of TD SYNNEX from $145.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. Barclays set a $140.00 price objective on shares of TD SYNNEX in a research report on Tuesday, June 24th. Finally, Loop Capital boosted their price objective on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, June 30th.

TD SYNNEX Stock Up 1.1%

Shares of NYSE SNX opened at $149.42 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $153.70. The firm’s fifty day moving average is $142.53 and its 200 day moving average is $128.77. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.20 and a beta of 1.32.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the firm earned $2.73 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities research analysts expect that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX’s payout ratio is presently 20.56%.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the sale, the director owned 6,079 shares in the company, valued at approximately $914,403.18. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Marshall Witt sold 1,509 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer owned 49,563 shares in the company, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,888 shares of company stock worth $9,115,025. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 759,022 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TD SYNNEX by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after buying an additional 330,085 shares in the last quarter. Brave Warrior Advisors LLC boosted its holdings in shares of TD SYNNEX by 12.2% during the 4th quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider’s stock valued at $486,380,000 after buying an additional 451,557 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of TD SYNNEX by 15.0% during the 2nd quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock valued at $400,275,000 after buying an additional 384,518 shares in the last quarter. Finally, Abrams Bison Investments LLC boosted its stake in TD SYNNEX by 19.4% in the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after purchasing an additional 435,000 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.