TD SYNNEX (NYSE:SNX) Price Target Raised to $174.00

TD SYNNEX (NYSE:SNX) had its target price boosted by Morgan Stanley from $172.00 to $174.00 in a research report released on Friday,Benzinga reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group initiated coverage on TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price objective on the stock. 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 raised TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.82.

TD SYNNEX Stock Down 1.6%

Shares of TD SYNNEX stock opened at $152.81 on Friday. TD SYNNEX has a one year low of $92.23 and a one year high of $175.56. The company has a market cap of $12.32 billion, a P/E ratio of 15.33, a PEG ratio of 1.10 and a beta of 1.37. 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 fifty day moving average of $157.66 and a two-hundred day moving average of $154.76.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. The business’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. On average, analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders 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 dividend yield of 1.3%. 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 payout ratio is 19.26%.

Insider Transactions at TD SYNNEX

In related 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 value of $3,753,119.95. Following the sale, the director owned 42,515 shares in the company, valued at $6,829,184.45. This represents a 35.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick Zammit sold 13,900 shares of TD SYNNEX stock in a transaction 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 transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 80,915 shares of company stock valued at $13,111,786 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in SNX. Ossiam increased its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of TD SYNNEX in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of TD SYNNEX in the third quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TD SYNNEX in the fourth quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of TD SYNNEX during the 4th quarter worth approximately $32,000. 84.00% of the stock is currently owned by hedge funds and other 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.