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

TD SYNNEX Corporation (NYSE:SNX) has earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $170.6364.

Several research firms have commented on SNX. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. The Goldman Sachs Group started coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target for the company. Barclays reduced their price objective on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. UBS Group raised their price objective on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $161.69 on Thursday. The firm has a market cap of $13.04 billion, a PE ratio of 16.22, a PEG ratio of 1.16 and a beta of 1.38. The stock has a 50 day moving average of $155.56 and a 200 day moving average of $153.06. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $175.56.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the firm earned $3.09 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, research analysts expect that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

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

Insider Activity

In other news, Director Richard T. Hume sold 23,365 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the transaction, the director owned 42,515 shares of the company’s stock, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick Zammit sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $171.57, for a total value of $2,384,823.00. Following the sale, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 85,916 shares of company stock valued at $13,871,759. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of TD SYNNEX

A number of hedge funds and other institutional investors have recently bought and sold shares of SNX. Dorato Capital Management purchased a new stake in shares of TD SYNNEX during the fourth quarter valued at $27,000. Ossiam boosted its position in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the period. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX in the 3rd quarter worth about $30,000. Lloyd Advisory Services LLC. purchased a new position in shares of TD SYNNEX during the fourth quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. raised its stake in shares of TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 84.00% 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.