TD SYNNEX Corporation (NYSE:SNX) Given Average Rating of “Moderate Buy” by Analysts

TD SYNNEX Corporation (NYSE:SNX) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $169.1818.

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group lifted their price objective on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Barrington Research upped their target price on TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, September 29th.

TD SYNNEX Stock Down 0.3%

Shares of NYSE:SNX opened at $153.08 on Wednesday. The stock’s 50-day moving average is $152.48 and its 200 day moving average is $147.81. The company has a market cap of $12.47 billion, a PE ratio of 16.60, a P/E/G ratio of 1.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. TD SYNNEX has a 1 year low of $92.23 and a 1 year high of $167.76.

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

TD SYNNEX Dividend Announcement

The company also recently declared 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 is presently 19.09%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were 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 of the company’s stock, valued at approximately $1,141,940.70. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alim Dhanji sold 1,762 shares of TD SYNNEX stock in a transaction that occurred 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 transaction, the insider owned 13,426 shares of the company’s stock, valued at $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,939 shares of company stock valued at $2,921,338 in the last quarter. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On TD SYNNEX

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of TD SYNNEX during the second quarter valued at $124,618,000. Metropolis Capital Ltd purchased a new stake in TD SYNNEX during the 2nd quarter valued at about $115,168,000. Alyeska Investment Group L.P. purchased a new stake in TD SYNNEX during the 3rd quarter valued at about $135,631,000. Vanguard Group Inc. increased its stake in TD SYNNEX by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares in the last quarter. Finally, Abrams Bison Investments LLC raised its holdings in TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after buying an additional 435,000 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

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.