Evolve Private Wealth LLC Purchases Shares of 2,495 TD SYNNEX Corporation $SNX

Evolve Private Wealth LLC purchased a new position in TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,495 shares of the business services provider’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dorato Capital Management bought a new stake in shares of TD SYNNEX during the 4th quarter worth $27,000. Ossiam boosted its position in shares of 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 purchasing an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in TD SYNNEX in the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX during the 3rd quarter worth about $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in TD SYNNEX during the 4th quarter worth about $32,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total value of $1,401,900.00. Following the sale, the director owned 23,537 shares of the company’s stock, valued at approximately $6,599,304.06. This represents a 17.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Gregory Jordan sold 3,225 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $189.46, for a total transaction of $611,008.50. Following the sale, the chief financial officer directly owned 14,035 shares of the company’s stock, valued at approximately $2,659,071.10. The trade was a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,250 shares of company stock worth $4,935,282. 0.70% of the stock is currently owned by corporate insiders.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported record fiscal Q2 results, with revenue of $19.58 billion and non-GAAP EPS of $4.85, both well above expectations. Revenue rose 31% year over year, showing broad-based demand strength. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management issued upbeat Q3 guidance, with EPS outlook of $4.25 to $4.75 and revenue guidance above analyst estimates, signaling continued momentum after the strong quarter. TD SYNNEX stock report
• Positive Sentiment: Analysts responded favorably after the earnings release, including Barrington Research raising its price target to $325 from $202 and reiterating an outperform rating, which can support investor sentiment. Analysts Boost Forecasts on TD Synnex After Upbeat Q2 Results
• Positive Sentiment: Commentary around Hyve Solutions highlighted strong AI infrastructure demand, record billings, and continued growth in both Hyve and distribution, suggesting the business mix is improving. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
• Neutral Sentiment: The company also declared a quarterly dividend of $0.48 per share, which is supportive for income investors but not likely the main driver of the stock today.
• Negative Sentiment: After a sharp year-to-date rally, some investors appear concerned that the stock’s valuation has run ahead of fundamentals, making the shares vulnerable to profit-taking despite the strong operating results. TD Synnex: Still A Buy, Though The Easy Money Has Been Made

TD SYNNEX Trading Down 4.1%

Shares of SNX stock opened at $266.17 on Friday. TD SYNNEX Corporation has a 12 month low of $133.71 and a 12 month high of $296.47. The company has a market cap of $21.40 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $249.78 and its two-hundred day moving average is $192.17.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. TD SYNNEX’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts predict that TD SYNNEX Corporation will post 15.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.7%. TD SYNNEX’s dividend payout ratio is 15.96%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNX. Barrington Research lifted their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group lifted their price target on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday. Barclays upped their price target on TD SYNNEX from $166.00 to $237.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research note on Friday. Finally, Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $277.10.

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.