39,330 Shares in TD SYNNEX Corporation $SNX Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in TD SYNNEX Corporation (NYSE:SNX) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 39,330 shares of the business services provider’s stock, valued at approximately $5,337,000. TD SYNNEX makes up about 0.7% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in TD SYNNEX by 27.4% during the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock worth $3,482,000 after purchasing an additional 7,212 shares during the last quarter. CX Institutional boosted its stake in shares of TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock valued at $2,094,000 after purchasing an additional 3,457 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $3,452,000. Curbstone Financial Management Corp bought a new stake in shares of TD SYNNEX during the second quarter worth approximately $400,000. Finally, PNC Financial Services Group Inc. lifted its holdings in TD SYNNEX by 16.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider’s stock valued at $560,000 after buying an additional 763 shares during the period. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of several recent research reports. Morgan Stanley raised their price target on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. 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 research note on Friday, September 26th. Finally, Royal Bank Of Canada lifted their price target on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.55.

TD SYNNEX Stock Up 0.2%

TD SYNNEX stock opened at $147.05 on Thursday. The company has a 50 day moving average of $154.26 and a 200-day moving average of $142.46. 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 Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The stock has a market capitalization of $11.98 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, beating the consensus estimate of $3.05 by $0.53. The business had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

Insider Buying and Selling at TD SYNNEX

In related news, insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value 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. This trade represents a 11.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total value of $769,050.00. Following the transaction, the director directly owned 57,515 shares of the company’s stock, valued at approximately $8,846,382.15. This trade represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,632 shares of company stock valued at $2,264,033 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

About TD SYNNEX

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.