TD SYNNEX (NYSE:SNX) Given New $185.00 Price Target at JPMorgan Chase & Co.

TD SYNNEX (NYSE:SNX) had its price objective boosted by JPMorgan Chase & Co. from $175.00 to $185.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

Several other research firms also recently weighed in on SNX. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barclays raised their target price on shares of TD SYNNEX from $163.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barrington Research restated an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a report on Friday, March 27th. Finally, Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $177.50.

TD SYNNEX Stock Up 10.4%

Shares of SNX opened at $186.22 on Wednesday. The stock has a 50 day moving average price of $159.91 and a 200 day moving average price of $155.50. TD SYNNEX has a one year low of $92.23 and a one year high of $186.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 1.22. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.21 and a beta of 1.22.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. During the same quarter last year, the firm posted $2.80 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, April 15th. TD SYNNEX’s dividend payout ratio (DPR) is presently 15.96%.

Insiders Place Their Bets

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the business’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 transaction, the chief executive officer directly owned 170,928 shares in the company, valued at $29,326,116.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Merline Saintil sold 167 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the sale, the director directly owned 6,995 shares of the company’s stock, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 80,915 shares of company stock valued at $13,111,786 over the last ninety days. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ossiam raised its position in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Dorato Capital Management purchased a new position in shares of TD SYNNEX during the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX during the 3rd quarter worth about $30,000. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX in the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in TD SYNNEX in the 4th quarter valued at about $32,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 results: SNX reported record fiscal Q1 results with revenue of $17.16B (up 18.1% YoY) and non-GAAP EPS of $4.73, materially beating estimates — the primary catalyst for the stock’s move higher today. Zacks: Q1 Earnings
• Positive Sentiment: Upbeat guidance and AI/cloud commentary: Management issued a positive Q2 outlook and tied demand to AI infrastructure, hyperscalers and cloud spending — signaling revenue momentum and supporting a re-rating. Quiver Quant: Earnings & Outlook
• Positive Sentiment: Dividend declared: SNX announced a quarterly cash dividend ($0.48 per share, record April 15, payable April 29), which supports yield-oriented investor demand. (Company press release disclosures)
• Neutral Sentiment: Partnerships/market positioning: New distribution partnerships (e.g., FatPipe) expand product reach and support long-term growth but are incremental versus the earnings beat. PR Newswire: FatPipe Partnership
• Neutral Sentiment: Analysts mixed — price-target moves: JPMorgan raised its target to $185 but kept a “neutral” rating (limited endorsement of further upside). That provides some support but not a bullish stamp. Benzinga: JPMorgan PT Raise
• Negative Sentiment: Barclays keeps cautious stance: Barclays raised its PT to $166 but maintains an “equal weight” view — the new target implies meaningful downside from current levels and is a restraint on sentiment. TickerReport / Benzinga: Barclays PT
• Negative Sentiment: Insider and institutional selling: Public filings show heavy insider sales and notable institutional position reductions by several large managers in recent quarters — a potential headwind if selling pressure persists. Quiver Quant: Insider & Institutional Activity

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.