TD SYNNEX Corporation (NYSE:SNX) Short Interest Update

TD SYNNEX Corporation (NYSE:SNX) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,039,202 shares, a decline of 29.6% from the December 15th total of 1,475,829 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 772,624 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 772,624 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the company’s stock are short sold.

Insider Buying and Selling at TD SYNNEX

In related news, insider Miriam Anne Murphy sold 1,673 shares of TD SYNNEX stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the sale, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Merline Saintil sold 336 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total transaction of $52,345.44. Following the transaction, the director directly owned 7,330 shares in the company, valued at $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 18,939 shares of company stock worth $2,910,688. Company insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

Hedge funds have recently modified their holdings of the company. Dorato Capital Management bought a new stake in TD SYNNEX during the 4th quarter worth approximately $27,000. Ossiam boosted its stake in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX during the third quarter worth $30,000. Brown Brothers Harriman & Co. increased its stake in shares of TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after buying an additional 196 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of TD SYNNEX in the third quarter valued at about $42,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

NYSE SNX traded down $0.33 on Monday, reaching $150.05. The company’s stock had a trading volume of 878,325 shares, compared to its average volume of 808,519. The firm has a market cap of $12.22 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $167.76. The business has a 50-day moving average price of $151.59 and a 200 day moving average price of $150.65.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.48 per share. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. TD SYNNEX’s dividend payout ratio is 19.26%.

Analyst Ratings Changes

SNX has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Barclays reduced their price target on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Bank of America increased their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus 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.