TD SYNNEX (NYSE:SNX) Reaches New 1-Year High – Still a Buy?

Shares of TD SYNNEX Corporation (NYSE:SNX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $175.56 and last traded at $170.0160, with a volume of 459664 shares. The stock had previously closed at $172.20.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group began coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Barclays cut their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Trading Up 2.7%

The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $155.41 and its two-hundred day moving average is $152.87. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38.

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

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.48 dividend. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s dividend payout ratio is 19.26%.

Insider Activity

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% 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 Richard T. Hume sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares in the company, valued at $7,634,235.05. The trade was a 34.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 85,916 shares of company stock valued at $13,871,759. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after acquiring an additional 1,460 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TD SYNNEX by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after purchasing an additional 9,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TD SYNNEX by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after purchasing an additional 12,615 shares in the last quarter. US Bancorp DE lifted its holdings in TD SYNNEX by 4.4% in the second quarter. US Bancorp DE now owns 6,361 shares of the business services provider’s stock worth $863,000 after purchasing an additional 266 shares during the period. Finally, Blue Trust Inc. grew its position in TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock valued at $74,000 after buying an additional 104 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

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.