TD SYNNEX Corporation $SNX Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in TD SYNNEX Corporation (NYSE:SNX) by 49.9% in the 2nd quarter, Holdings Channel reports. The firm owned 24,495 shares of the business services provider’s stock after selling 24,406 shares during the period. Franklin Resources Inc.’s holdings in TD SYNNEX were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brandywine Global Investment Management LLC raised its holdings in shares of TD SYNNEX by 0.8% in the second quarter. Brandywine Global Investment Management LLC now owns 51,800 shares of the business services provider’s stock valued at $7,029,000 after buying an additional 417 shares during the last quarter. MAI Capital Management increased its position in TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 203 shares during the period. JPMorgan Chase & Co. increased its position in TD SYNNEX by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after acquiring an additional 330,085 shares during the period. Entropy Technologies LP purchased a new stake in TD SYNNEX during the 2nd quarter valued at approximately $552,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TD SYNNEX during the 2nd quarter valued at approximately $5,337,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TD SYNNEX news, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction 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 sale, the insider directly owned 16,529 shares in the company, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total value of $52,345.44. Following the completion of the transaction, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. This represents a 4.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,632 shares of company stock valued at $3,024,583 in the last 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SNX. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. The Goldman Sachs Group upped their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. UBS Group lifted their target price on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Barclays boosted their price target on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Stock Performance

Shares of SNX opened at $153.53 on Wednesday. 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 Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The company has a 50-day simple moving average of $154.13 and a 200-day simple moving average of $144.52. The company has a market capitalization of $12.50 billion, a PE ratio of 16.65, a P/E/G ratio of 1.19 and a beta of 1.41.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the firm earned $2.86 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were 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 was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

TD SYNNEX 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.