TD SYNNEX (NYSE:SNX) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of TD SYNNEX (NYSE:SNX) from a buy rating to a hold rating in a report issued on Monday.

A number of other equities analysts have also issued reports on the company. Morgan Stanley upped their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Raymond James Financial set a $175.00 price target on TD SYNNEX in a research note on Thursday, September 25th. Barclays boosted their price target on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Bank of America upped their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Price Performance

SNX opened at $153.34 on Monday. The company has a 50 day moving average of $154.09 and a two-hundred day moving average of $139.66. The company has a market cap of $12.49 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.19 and a beta of 1.41. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $167.76.

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

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were given a $0.44 dividend. The ex-dividend date was Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. TD SYNNEX’s dividend payout ratio (DPR) is currently 19.09%.

Insider Buying and Selling

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares in the company, valued at approximately $7,458,585.68. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Miriam Anne Murphy sold 1,673 shares of TD SYNNEX stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the transaction, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,444 shares of company stock worth $2,386,174. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of TD SYNNEX

Hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Root Financial Partners LLC bought a new stake in shares of TD SYNNEX in the third quarter valued at approximately $42,000. Caitong International Asset Management Co. Ltd bought a new position in TD SYNNEX in the 2nd quarter valued at about $55,000. Cullen Frost Bankers Inc. acquired a new stake in shares of TD SYNNEX in the 1st quarter valued at $44,000. Finally, MAI Capital Management boosted its holdings in shares of TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 203 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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.