TD SYNNEX (NYSE:SNX) Reaches New 12-Month High After Strong Earnings

TD SYNNEX Corporation (NYSE:SNX)’s share price hit a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $183.19 and last traded at $182.8120, with a volume of 282895 shares changing hands. The stock had previously closed at $168.71.

The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.49. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. TD SYNNEX’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share.

TD SYNNEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is 19.26%.

TD SYNNEX News Summary

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Big earnings & revenue beat — TD SYNNEX reported Q1 EPS of $4.73 versus consensus around $3.25 and revenue of ~$17.16B, well above estimates. Management highlighted broad-based distribution strength and growth in its Hyve/Hive solutions, which underpins higher near-term profit expectations and helped lift guidance commentary. Read More.
• Positive Sentiment: Guidance/forward commentary drove optimism — Analysts and deep-dive coverage point to distribution momentum plus Hyve/Hive recurring revenue as the main drivers of upside to Q2/2026 outlook, supporting multiple expansion. Read More.
• Positive Sentiment: Dividend announced — Company declared a quarterly dividend of $0.48/share (ex-div April 15), showing cash return to shareholders and signaling confidence in free cash flow. (Payment April 29.)
• Positive Sentiment: New partner distribution deals — TD SYNNEX added channel partnerships (example: FatPipe) that expand its cybersecurity/SD‑WAN catalogue and distribution reach, supporting future revenue growth. Read More.
• Neutral Sentiment: Analysts mixed — Coverage notes solid results but some analysts remain cautious on seasonality and margin leverage; price targets vary. Monitor analyst revisions for further directional signals. Read More.
• Neutral Sentiment: Investor materials available — Slide deck and call highlights provide detail on segment performance and margin drivers; useful for modeling recurring revenue mix and FY2026 EPS outlook. Read More.
• Negative Sentiment: Significant insider selling noted — Recent filings and data aggregators show numerous insider share sales (multiple senior executives), and some large institutional trimming in recent quarters; if sustained, that could create selling pressure or be viewed negatively by investors. Read More.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNX shares. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. UBS Group upped their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Barrington Research restated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research note on Friday, March 27th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average target price of $174.70.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $171.57, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 80,915 shares of company stock worth $13,111,786. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dorato Capital Management purchased a new position in TD SYNNEX during the 4th quarter worth $27,000. Ossiam lifted its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX during the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC purchased a new position in TD SYNNEX during the third quarter worth about $30,000. Finally, Lloyd Advisory Services LLC. bought a new stake in TD SYNNEX in the 4th quarter worth about $32,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Stock Up 8.0%

The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $14.69 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.15 and a beta of 1.37. The stock’s 50-day simple moving average is $159.18 and its 200-day simple moving average is $155.29.

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.