TD SYNNEX (NYSE:SNX) Director Richard Hume Sells 492 Shares

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 492 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $160.41, for a total transaction of $78,921.72. Following the sale, the director directly owned 47,515 shares of the company’s stock, valued at $7,621,881.15. This trade represents a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TD SYNNEX Stock Performance

Shares of SNX traded up $1.92 on Monday, reaching $160.59. The company’s stock had a trading volume of 835,101 shares, compared to its average volume of 929,422. The stock’s 50 day simple moving average is $153.07 and its two-hundred day simple moving average is $151.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. The stock has a market capitalization of $12.96 billion, a P/E ratio of 16.11, a PEG ratio of 1.14 and a beta of 1.38. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $167.76.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter last year, the company posted $3.09 EPS. The company’s revenue 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. Research analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, January 16th. TD SYNNEX’s payout ratio is presently 19.26%.

Wall Street Analyst Weigh In

Several brokerages have commented on SNX. Barrington Research reiterated an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target on the stock. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley cut their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. 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 company has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently made changes to their positions in SNX. Ossiam raised its holdings in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of TD SYNNEX in the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX during the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. increased its holdings in TD SYNNEX by 675.9% during 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 during the period. Finally, Root Financial Partners LLC purchased a new stake in TD SYNNEX during the third quarter worth $42,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

About TD SYNNEX

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.