Caitong International Asset Management Co. Ltd Takes $55,000 Position in TD SYNNEX Corporation $SNX

Caitong International Asset Management Co. Ltd purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 403 shares of the business services provider’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after buying an additional 564,473 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of TD SYNNEX by 15.0% during the second quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock valued at $400,275,000 after buying an additional 384,518 shares in the last quarter. Abrams Bison Investments LLC grew its stake in TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock valued at $278,925,000 after purchasing an additional 435,000 shares in the last quarter. LSV Asset Management grew its stake in TD SYNNEX by 10.3% in the first quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider’s stock valued at $196,668,000 after purchasing an additional 175,922 shares in the last quarter. Finally, Nuveen LLC purchased a new position in TD SYNNEX in the first quarter valued at about $121,259,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In related news, insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the transaction, the insider owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. The trade was a 11.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $155.90, for a total value of $779,500.00. Following the transaction, the director directly owned 62,515 shares of the company’s stock, valued at $9,746,088.50. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,435 shares of company stock worth $1,302,970 over the last quarter. 1.00% of the stock is currently owned by company insiders.

TD SYNNEX Stock Performance

SNX opened at $155.11 on Friday. The company has a market cap of $12.63 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The stock has a 50-day moving average of $152.95 and a 200-day moving average of $136.64. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on SNX shares. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Morgan Stanley boosted their target price on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Loop Capital boosted their target price on TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, June 30th. Bank of America boosted their target price on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, UBS Group boosted their target price on TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Profile

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.