TD SYNNEX Co. (NYSE:SNX) is Lind Value II ApS’s 2nd Largest Position

Lind Value II ApS lowered its position in TD SYNNEX Co. (NYSE:SNXFree Report) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 602,488 shares of the business services provider’s stock after selling 18,751 shares during the period. TD SYNNEX comprises 31.4% of Lind Value II ApS’s holdings, making the stock its 2nd biggest position. Lind Value II ApS’s holdings in TD SYNNEX were worth $70,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNX. V Square Quantitative Management LLC acquired a new stake in TD SYNNEX during the third quarter worth about $30,000. UMB Bank n.a. grew its stake in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after purchasing an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of TD SYNNEX in the 3rd quarter valued at $37,000. Point72 DIFC Ltd purchased a new position in TD SYNNEX in the third quarter valued at approximately $55,000. Finally, Capital Performance Advisors LLP acquired a new position in TD SYNNEX during the third quarter worth approximately $58,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SNX shares. Royal Bank of Canada restated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a research report on Tuesday, January 7th. Barrington Research reissued an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a research report on Monday, September 23rd. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and increased their target price for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Loop Capital restated a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their price objective on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.38.

Get Our Latest Report on TD SYNNEX

Insider Buying and Selling

In other news, insider Simon Leung sold 6,249 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the transaction, the insider now directly owns 23,339 shares of the company’s stock, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David R. Vetter sold 20,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total value of $2,462,800.00. Following the completion of the sale, the insider now owns 66,381 shares in the company, valued at $8,174,156.34. This represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,876 shares of company stock worth $5,782,129 in the last quarter. Company insiders own 1.90% of the company’s stock.

TD SYNNEX Trading Up 2.4 %

NYSE:SNX opened at $135.98 on Wednesday. TD SYNNEX Co. has a 1 year low of $98.70 and a 1 year high of $136.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The stock has a fifty day moving average price of $120.48 and a two-hundred day moving average price of $118.02. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.14 and a beta of 1.46.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s payout ratio is currently 22.11%.

TD SYNNEX Profile

(Free Report)

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.

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Want to see what other hedge funds are holding SNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TD SYNNEX Co. (NYSE:SNXFree Report).

Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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