Richard Hume Sells 492 Shares of TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 492 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $160.41, for a total transaction of $78,921.72. Following the sale, the director owned 47,515 shares of the company’s stock, valued at $7,621,881.15. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

TD SYNNEX Price Performance

NYSE SNX opened at $161.13 on Wednesday. The company has a market cap of $13.01 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $153.25 and its two-hundred day simple moving average is $151.78. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76.

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

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.48 dividend. The ex-dividend date was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group increased their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group began coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Morgan Stanley cut their price objective on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.64.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ossiam increased its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Dorato Capital Management purchased a new position in TD SYNNEX during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX in the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its position in TD SYNNEX by 675.9% in the third 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. Finally, Root Financial Partners LLC purchased a new position in shares of TD SYNNEX during the 3rd quarter worth $42,000. 84.00% of the stock is owned by institutional investors and hedge funds.

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.