TD SYNNEX (NYSE:SNX) CEO Sells 13,900 Shares

TD SYNNEX Corporation (NYSE:SNX) 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 completion of the sale, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

TD SYNNEX Stock Performance

Shares of NYSE SNX traded up $0.50 during trading on Monday, reaching $171.88. 588,371 shares of the company traded hands, compared to its average volume of 919,996. The stock has a market capitalization of $13.86 billion, a PE ratio of 17.24, a P/E/G ratio of 1.23 and a beta of 1.38. The firm has a 50 day simple moving average of $154.12 and a 200-day simple moving average of $152.26. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $173.33. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $15.46 billion. During the same period in the previous year, the business earned $3.09 EPS. The company’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. Equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The firm 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 16th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is currently 19.26%.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in TD SYNNEX by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after purchasing an additional 3,736 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of TD SYNNEX by 7.7% in the third quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock worth $162,568,000 after purchasing an additional 71,249 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of TD SYNNEX in the second quarter worth about $3,452,000. Curbstone Financial Management Corp bought a new position in TD SYNNEX during the second quarter valued at approximately $400,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in TD SYNNEX by 16.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after buying an additional 46,713 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SNX shares. UBS Group boosted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Barclays cut their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. The Goldman Sachs Group started coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $170.64.

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.