TD SYNNEX (NYSE:SNX) Insider Sells $272,317.10 in Stock

TD SYNNEX Corporation (NYSE:SNX) insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the transaction, the insider directly owned 13,426 shares in the company, valued at $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TD SYNNEX Stock Performance

Shares of SNX opened at $155.11 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The stock has a market capitalization of $12.63 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.17 and a beta of 1.43. The company’s fifty day moving average is $152.95 and its two-hundred day moving average is $136.36. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $167.76.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by ($0.31). The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s payout ratio is currently 19.09%.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in SNX. GAMMA Investing LLC boosted its position in shares of TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after buying an additional 108 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 244 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in TD SYNNEX by 11.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider’s stock valued at $765,000 after purchasing an additional 785 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in TD SYNNEX by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,041 shares of the business services provider’s stock valued at $836,000 after purchasing an additional 148 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in TD SYNNEX in the 1st quarter valued at about $982,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNX. Royal Bank Of Canada boosted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Barclays boosted their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Bank of America boosted their target price on shares of TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Loop Capital boosted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and an average target price of $169.55.

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.