Linden Thomas Advisory Services LLC Has $1.05 Million Stock Holdings in TD SYNNEX Corporation $SNX

Linden Thomas Advisory Services LLC decreased its holdings in TD SYNNEX Corporation (NYSE:SNX) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,746 shares of the business services provider’s stock after selling 78 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in TD SYNNEX were worth $1,051,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of TD SYNNEX by 329.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after buying an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of TD SYNNEX in the 1st quarter valued at $44,000. Quarry LP acquired a new position in shares of TD SYNNEX in the 1st quarter valued at $51,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $55,000. Finally, SVB Wealth LLC acquired a new position in shares of TD SYNNEX in the 1st quarter valued at $72,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNX. Barrington Research upped their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group upped their target price on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. 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, Loop Capital upped their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Stock Up 1.1%

Shares of NYSE:SNX opened at $155.11 on Monday. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The company’s 50-day moving average price is $152.95 and its two-hundred day moving average price is $136.84. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The firm has a market cap of $12.63 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the prior year, the company earned $2.86 EPS. The firm’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, research analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 1.1%. TD SYNNEX’s dividend payout ratio is currently 19.09%.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 812 shares of the firm’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 approximately $914,403.18. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alim Dhanji sold 1,762 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the transaction, the insider directly owned 13,426 shares in the company, valued at $2,074,988.30. This trade represents a 11.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,435 shares of company stock worth $1,302,970 over the last quarter. Company insiders own 1.00% of the company’s stock.

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.