Corebridge Financial Inc. Sells 2,470 Shares of TD SYNNEX Corporation $SNX

Corebridge Financial Inc. cut its holdings in TD SYNNEX Corporation (NYSE:SNX) by 2.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 83,216 shares of the business services provider’s stock after selling 2,470 shares during the period. Corebridge Financial Inc.’s holdings in TD SYNNEX were worth $8,651,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Versant Capital Management Inc grew its holdings in TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 183 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in TD SYNNEX during the 1st quarter valued at about $44,000. State of Wyoming grew its holdings in TD SYNNEX by 51.9% during the 4th quarter. State of Wyoming now owns 594 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 203 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in TD SYNNEX during the 1st quarter valued at about $72,000. 84.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 63,310 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $136.23, for a total value of $8,624,721.30. Following the completion of the sale, the director owned 67,515 shares of the company’s stock, valued at approximately $9,197,568.45. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Vezina sold 812 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares of the company’s stock, valued at $914,403.18. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,888 shares of company stock worth $9,115,025 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the company an “overweight” rating in a report on Wednesday, June 25th. Barclays set a $140.00 price target on shares of TD SYNNEX in a report on Tuesday, June 24th. Loop Capital upped their price target on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, June 30th. Royal Bank Of Canada upped their target price on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average target price of $151.30.

TD SYNNEX Price Performance

Shares of SNX stock opened at $149.55 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The company has a market capitalization of $12.33 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.21 and a beta of 1.32. The company’s 50-day simple moving average is $143.03 and its two-hundred day simple moving average is $128.82. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $153.70.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The business had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the firm earned $2.73 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX’s dividend payout ratio is presently 20.56%.

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.