Lind Value II ApS Reduces Holdings in TD SYNNEX Corporation $SNX

Lind Value II ApS lessened its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 56.2% in the third quarter, Holdings Channel reports. The institutional investor owned 228,992 shares of the business services provider’s stock after selling 294,235 shares during the period. TD SYNNEX accounts for approximately 14.2% of Lind Value II ApS’s portfolio, making the stock its 5th biggest position. Lind Value II ApS’s holdings in TD SYNNEX were worth $37,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Voya Investment Management LLC grew its holdings in shares of TD SYNNEX by 27.4% during the first quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock valued at $3,482,000 after buying an additional 7,212 shares during the last quarter. CX Institutional lifted its holdings in TD SYNNEX by 28.9% in the second quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock valued at $2,094,000 after acquiring an additional 3,457 shares during the period. Federated Hermes Inc. boosted its holdings in shares of TD SYNNEX by 1.8% in the second quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after buying an additional 3,736 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of TD SYNNEX during the 2nd quarter worth $3,452,000. Finally, Curbstone Financial Management Corp bought a new stake in TD SYNNEX during the second quarter valued at about $400,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNX shares. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Barclays raised their price target on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, September 26th. Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a report on Thursday, September 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research report on Monday. Finally, The Goldman Sachs Group increased their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average target price of $169.18.

Insiders Place Their Bets

In related news, 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 value of $272,317.10. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Merline Saintil sold 168 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total transaction of $25,767.84. Following the transaction, the director owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,939 shares of company stock worth $2,921,338 over the last ninety days. Insiders own 1.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX opened at $153.08 on Wednesday. The company has a 50 day moving average price of $152.48 and a 200-day moving average price of $147.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The stock has a market capitalization of $12.47 billion, a PE ratio of 16.60, a PEG ratio of 1.05 and a beta of 1.36. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.53. 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 for the quarter, compared to the consensus estimate of $15.11 billion. During the same period last year, the business posted $2.86 EPS. The business’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. Equities analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s payout ratio is 19.09%.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.