TD SYNNEX (NYSE:SNX) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of TD SYNNEX (NYSE:SNX) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other research analysts have also commented on SNX. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. UBS Group boosted their target price on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley raised their price target on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, September 26th. The Goldman Sachs Group boosted their price objective on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.18.

TD SYNNEX Stock Performance

Shares of NYSE:SNX traded up $0.52 during midday trading on Monday, reaching $151.17. 50,951 shares of the company traded hands, compared to its average volume of 754,654. The firm’s fifty day moving average price is $152.82 and its two-hundred day moving average price is $146.75. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.36. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $167.76.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping the consensus estimate of $3.05 by $0.53. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter last year, the company earned $2.86 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities analysts expect that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. TD SYNNEX’s payout ratio is currently 19.09%.

Insider Buying and Selling

In other news, insider Miriam Anne Murphy sold 1,673 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $156.49, for a total transaction 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. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 7,330 shares in the company, valued at $1,141,940.70. This represents a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,939 shares of company stock valued at $2,921,338 over the last three months. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Ossiam raised its position 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 during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX in the third quarter valued at $30,000. Brown Brothers Harriman & Co. increased its position in TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 196 shares during the period. Root Financial Partners LLC bought a new position in TD SYNNEX in the 3rd quarter worth $42,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of TD SYNNEX in the 2nd quarter worth about $55,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Company 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.