Cambria Investment Management L.P. Sells 93,801 Shares of TD SYNNEX Corporation $SNX

Cambria Investment Management L.P. decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 94.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,263 shares of the business services provider’s stock after selling 93,801 shares during the period. Cambria Investment Management L.P.’s holdings in TD SYNNEX were worth $862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in TD SYNNEX in the 2nd quarter worth approximately $124,618,000. Alyeska Investment Group L.P. bought a new position in shares of TD SYNNEX during the 3rd quarter valued at $135,631,000. Vanguard Group Inc. boosted its stake in shares of TD SYNNEX by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after buying an additional 759,022 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after acquiring an additional 402,573 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of TD SYNNEX by 6,626.0% in the third quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider’s stock worth $65,951,000 after acquiring an additional 396,766 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 80,915 shares of company stock valued at $13,111,786 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on SNX. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Barrington Research reissued an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a report on Friday, January 9th. Finally, UBS Group boosted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Stock Performance

NYSE:SNX opened at $155.38 on Friday. 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 stock has a 50-day simple moving average of $157.61 and a two-hundred day simple moving average of $154.62. The firm has a market capitalization of $12.53 billion, a PE ratio of 15.58, a P/E/G ratio of 1.10 and a beta of 1.37. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $175.56.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 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 firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter last year, the company earned $3.09 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

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

TD SYNNEX 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.