TD SYNNEX (NYSE:SNX) Raised to “Buy” at Wall Street Zen

TD SYNNEX (NYSE:SNX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Morgan Stanley lowered their target price on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Barclays dropped their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Finally, The Goldman Sachs Group initiated coverage on TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $161.27 on Friday. The business’s 50 day simple moving average is $155.97 and its 200 day simple moving average is $153.61. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $175.56. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43.

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

Insiders Place Their Bets

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Merline Saintil sold 168 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the transaction, the director directly owned 7,162 shares of the company’s stock, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 85,916 shares of company stock worth $13,871,759 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in SNX. Norges Bank purchased a new position in TD SYNNEX in the fourth quarter worth $148,559,000. Alyeska Investment Group L.P. purchased a new position in shares of TD SYNNEX in the 3rd quarter worth about $135,631,000. Vanguard Group Inc. increased its position in shares of TD SYNNEX by 10.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after purchasing an additional 759,022 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of TD SYNNEX by 141.8% during the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after buying an additional 548,180 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in TD SYNNEX by 123.6% in the 3rd quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after buying an additional 402,573 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.