Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells 12,991 Shares of Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 12,991 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $160.34, for a total value of $2,082,976.94. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,618,555.10. This trade represents a 21.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TD SYNNEX Stock Down 1.9%

Shares of SNX stock traded down $3.11 during trading hours on Friday, hitting $158.65. 587,789 shares of the company’s stock traded hands, compared to its average volume of 971,684. The stock’s fifty day simple moving average is $152.61 and its two-hundred day simple moving average is $151.27. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.14 and a beta of 1.37. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the firm posted $3.09 earnings per share. TD SYNNEX’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, analysts expect that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $0.48 per share. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently made changes to their positions in SNX. Vanguard Group Inc. increased its stake in shares of TD SYNNEX by 10.1% during the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after acquiring an additional 759,022 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TD SYNNEX by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after acquiring an additional 330,085 shares during the last quarter. State Street Corp increased its stake in TD SYNNEX by 0.4% during the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after acquiring an additional 9,024 shares during the last quarter. Ninety One UK Ltd increased its position in shares of TD SYNNEX by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after acquiring an additional 258,630 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TD SYNNEX by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock worth $188,908,000 after acquiring an additional 10,392 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SNX shares. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group initiated coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Finally, Barrington Research reissued an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Company Profile

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.