TD SYNNEX Corporation $SNX Stock Holdings Decreased by Activest Wealth Management

Activest Wealth Management lessened its stake in TD SYNNEX Corporation (NYSE:SNX) by 47.3% during the third quarter, HoldingsChannel.com reports. The firm owned 4,463 shares of the business services provider’s stock after selling 4,000 shares during the period. Activest Wealth Management’s holdings in TD SYNNEX were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SNX. Parcion Private Wealth LLC raised its stake in TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 68 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of TD SYNNEX by 0.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 15,437 shares of the business services provider’s stock valued at $2,528,000 after acquiring an additional 100 shares during the last quarter. ProShare Advisors LLC raised its position in shares of TD SYNNEX by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 101 shares in the last quarter. HB Wealth Management LLC lifted its stake in TD SYNNEX by 4.5% during the third quarter. HB Wealth Management LLC now owns 2,402 shares of the business services provider’s stock worth $393,000 after purchasing an additional 103 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in TD SYNNEX by 23.7% in the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after purchasing an additional 104 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SNX shares. Wall Street Zen downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective on the stock. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Morgan Stanley lowered their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Price Performance

Shares of SNX opened at $159.13 on Thursday. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The stock’s fifty day moving average is $152.23 and its 200-day moving average is $151.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $0.48 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

Insider Buying and Selling

In other 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 value of $261,807.77. Following the sale, the insider owned 16,529 shares of the company’s stock, valued at approximately $2,586,623.21. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $153.77, for a total value of $768,850.00. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,306,381.55. This trade represents a 9.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,177 shares of company stock valued at $2,638,371 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.