TD SYNNEX Corporation $SNX Shares Acquired by Private Trust Co. NA

Private Trust Co. NA increased its position in TD SYNNEX Corporation (NYSE:SNX) by 4,077.8% in the 2nd quarter, Holdings Channel reports. The firm owned 752 shares of the business services provider’s stock after buying an additional 734 shares during the period. Private Trust Co. NA’s holdings in TD SYNNEX were worth $102,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in TD SYNNEX in the first quarter valued at approximately $121,259,000. Metropolis Capital Ltd acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $115,168,000. JPMorgan Chase & Co. raised its position in TD SYNNEX by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after purchasing an additional 564,473 shares during the last quarter. Boston Partners boosted its stake in TD SYNNEX by 321.6% during the 1st quarter. Boston Partners now owns 591,958 shares of the business services provider’s stock worth $61,547,000 after purchasing an additional 451,567 shares during the period. Finally, Abrams Bison Investments LLC grew its position in TD SYNNEX by 19.4% during 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 during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the 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 completion of the transaction, the director directly owned 6,079 shares of the company’s stock, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the sale, the insider owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,435 shares of company stock valued at $1,302,970. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SNX shares. Barclays upped their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Morgan Stanley increased their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Loop Capital boosted their target price on TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, June 30th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, UBS Group lifted their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Stock Down 1.9%

SNX opened at $151.02 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The stock has a market capitalization of $12.30 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.18 and a beta of 1.43. The business has a 50 day simple moving average of $152.75 and a 200-day simple moving average of $135.59.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.11 billion. During the same quarter in the previous year, the company 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. On average, equities analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $0.44 per share. 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 payout ratio is currently 19.09%.

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.