TD SYNNEX Corporation (NYSE:SNX) Short Interest Down 29.6% in December

TD SYNNEX Corporation (NYSE:SNX) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 1,039,202 shares, a decrease of 29.6% from the December 15th total of 1,475,829 shares. Based on an average daily trading volume, of 772,624 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.3% of the company’s stock are short sold. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 772,624 shares, the days-to-cover ratio is presently 1.3 days.

TD SYNNEX Stock Performance

Shares of NYSE SNX traded down $0.33 during trading hours on Friday, hitting $150.05. 878,325 shares of the stock were exchanged, compared to its average volume of 864,276. TD SYNNEX has a one year low of $92.23 and a one year high of $167.76. The company’s 50 day moving average is $151.68 and its 200 day moving average is $150.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. The firm has a market capitalization of $12.22 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.08 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last announced its earnings results 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 net margin of 1.32% and a return on equity of 12.60%. 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 firm posted $3.09 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, research analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $0.48 dividend. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TD SYNNEX’s payout ratio is 17.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group boosted their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $175.00 price objective on shares of TD SYNNEX in a report on Thursday, September 25th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $170.64.

Insider Activity at TD SYNNEX

In other news, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total transaction of $261,807.77. Following the transaction, the insider directly owned 16,529 shares in the company, valued at $2,586,623.21. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $153.77, for a total transaction of $768,850.00. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at $7,306,381.55. This trade represents a 9.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,939 shares of company stock worth $2,910,688. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after acquiring an additional 759,022 shares during the last quarter. JPMorgan Chase & Co. grew its position in TD SYNNEX by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock worth $574,019,000 after purchasing an additional 330,085 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of TD SYNNEX by 15.0% during the 2nd quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock worth $400,275,000 after purchasing an additional 384,518 shares during the period. State Street Corp increased its holdings in shares of TD SYNNEX by 0.4% during the 3rd quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock worth $388,535,000 after purchasing an additional 9,024 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of TD SYNNEX by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,391,880 shares of the business services provider’s stock valued at $188,908,000 after buying an additional 10,392 shares during 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.