Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells $2,082,976.94 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 12,991 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $160.34, for a total value of $2,082,976.94. Following the completion of the transaction, the director owned 47,515 shares of the company’s stock, valued at approximately $7,618,555.10. The trade was a 21.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $158.65 on Monday. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.81 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.14 and a beta of 1.38. The business’s 50 day moving average price is $152.86 and its 200 day moving average price is $151.53.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.68 by $0.15. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.48 dividend. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TD SYNNEX’s payout ratio is presently 19.26%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SNX shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Barclays decreased their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research note on Friday, January 9th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Morgan Stanley decreased their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Finally, UBS Group raised their target price on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors have recently bought and sold shares of the company. Vest Financial LLC raised its holdings in shares of TD SYNNEX by 52.2% during the fourth quarter. Vest Financial LLC now owns 3,180 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 1,090 shares during the last quarter. R Squared Ltd acquired a new position in TD SYNNEX in the 4th quarter valued at $1,507,000. M&T Bank Corp lifted its holdings in TD SYNNEX by 78.5% in the 4th quarter. M&T Bank Corp now owns 6,368 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 2,800 shares in the last quarter. Comerica Bank boosted its stake in TD SYNNEX by 74.9% during the 4th quarter. Comerica Bank now owns 64,435 shares of the business services provider’s stock worth $9,680,000 after purchasing an additional 27,601 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of TD SYNNEX by 3.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after buying an additional 71 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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.