Assenagon Asset Management S.A. Has $3.92 Million Stock Holdings in TD SYNNEX Corporation $SNX

Assenagon Asset Management S.A. lifted its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 10.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,224 shares of the business services provider’s stock after buying an additional 2,282 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TD SYNNEX were worth $3,918,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of TD SYNNEX by 0.4% in the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after acquiring an additional 9,024 shares in the last quarter. Ninety One UK Ltd grew its position in shares of TD SYNNEX by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 2,229,091 shares of the business services provider’s stock worth $334,876,000 after purchasing an additional 258,630 shares in the last quarter. LSV Asset Management increased its holdings in shares of TD SYNNEX by 16.1% during the fourth quarter. LSV Asset Management now owns 2,086,604 shares of the business services provider’s stock worth $313,471,000 after purchasing an additional 288,625 shares during the period. Geode Capital Management LLC increased its holdings in shares of TD SYNNEX by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after purchasing an additional 99,090 shares during the period. Finally, Nuveen LLC raised its position in shares of TD SYNNEX by 3.8% in the fourth quarter. Nuveen LLC now owns 1,136,085 shares of the business services provider’s stock valued at $170,674,000 after buying an additional 41,679 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barrington Research boosted their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a report on Friday. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley increased their target price on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $290.11.

TD SYNNEX Trading Up 1.3%

Shares of SNX stock opened at $269.86 on Tuesday. TD SYNNEX Corporation has a fifty-two week low of $133.78 and a fifty-two week high of $296.47. The stock’s fifty day moving average price is $251.00 and its two-hundred day moving average price is $193.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The company has a market cap of $21.69 billion, a PE ratio of 19.32, a P/E/G ratio of 0.94 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. TD SYNNEX’s revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts predict that TD SYNNEX Corporation will post 16.57 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $0.48 per share. 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 payout ratio is presently 13.74%.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the completion of the transaction, the director directly owned 23,537 shares in the company, valued at $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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Gregory Jordan sold 3,225 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the transaction, 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. Over the last 90 days, insiders sold 21,250 shares of company stock valued at $4,935,282. 0.70% of the stock is currently owned by insiders.

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.