Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells $4,016,750.00 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 25,000 shares of the company’s stock in a transaction 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 directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

TD SYNNEX Trading 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 were exchanged, compared to its average volume of 971,684. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. The company has a 50 day simple moving average of $152.61 and a two-hundred day simple moving average of $151.27. The firm has a market cap of $12.92 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data 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. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter last year, the firm posted $3.09 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

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

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently added to or reduced their stakes in SNX. Ossiam increased its stake in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of TD SYNNEX during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX during the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its holdings in TD SYNNEX by 675.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after acquiring an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in TD SYNNEX in the 3rd quarter valued at approximately $42,000. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a report on Friday, January 9th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Barclays dropped their price target 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. Morgan Stanley reduced their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Finally, UBS Group increased their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.