Mirae Asset Global Investments Co. Ltd. Takes $92,000 Position in TD SYNNEX Corporation $SNX

Mirae Asset Global Investments Co. Ltd. purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 675 shares of the business services provider’s stock, valued at approximately $92,000.

A number of other institutional investors also recently bought and sold shares of the stock. Metropolis Capital Ltd acquired a new stake in TD SYNNEX in the 2nd quarter worth approximately $115,168,000. Ninety One SA PTY Ltd increased its holdings in shares of TD SYNNEX by 1.9% during the 2nd quarter. Ninety One SA PTY Ltd now owns 44,729 shares of the business services provider’s stock valued at $6,066,000 after purchasing an additional 847 shares in the last quarter. Ninety One UK Ltd increased 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 purchasing an additional 384,518 shares in the last quarter. Truist Financial Corp increased its holdings in shares of TD SYNNEX by 15.8% during the 2nd quarter. Truist Financial Corp now owns 25,114 shares of the business services provider’s stock valued at $3,408,000 after purchasing an additional 3,418 shares in the last quarter. Finally, KG&L Capital Management LLC purchased a new position in shares of TD SYNNEX during the 2nd quarter valued at approximately $241,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNX shares. Royal Bank Of Canada boosted their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Bank of America upped their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Barclays upped their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.55.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the transaction, the director owned 6,079 shares of the company’s stock, valued at $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alim Dhanji sold 1,257 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the transaction, the insider directly owned 10,984 shares in the company, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,930 shares of company stock valued at $430,163 over the last 90 days. 1.00% of the stock is owned by insiders.

TD SYNNEX Trading Down 3.2%

Shares of SNX stock opened at $151.54 on Monday. The company’s 50-day moving average price is $151.37 and its 200-day moving average price is $133.15. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.17 and a beta of 1.43. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period in the previous year, the firm posted $2.86 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.09%.

TD SYNNEX 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.