Inceptionr LLC Lowers Stock Position in TD SYNNEX Corporation $SNX

Inceptionr LLC trimmed its stake in TD SYNNEX Corporation (NYSE:SNX) by 58.7% during the first quarter, Holdings Channel.com reports. The fund owned 2,684 shares of the business services provider’s stock after selling 3,809 shares during the period. Inceptionr LLC’s holdings in TD SYNNEX were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC grew its stake in shares of TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after buying an additional 5,982 shares in the last quarter. R Squared Ltd acquired a new position in TD SYNNEX during the 4th quarter worth about $1,507,000. CWM LLC boosted its holdings in TD SYNNEX by 474.0% during the 4th quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock valued at $1,066,000 after acquiring an additional 5,859 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in TD SYNNEX by 44.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after acquiring an additional 20,815 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in TD SYNNEX by 138.6% during the fourth quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock worth $8,889,000 after purchasing an additional 34,374 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Up 0.1%

SNX stock opened at $243.06 on Monday. The company’s 50 day moving average price is $258.69 and its 200 day moving average price is $205.99. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.69 and a beta of 1.43. TD SYNNEX Corporation has a fifty-two week low of $139.23 and a fifty-two week high of $296.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the previous year, the business posted $2.99 EPS. The firm’s revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. This trade represents a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,000 shares of company stock valued at $4,933,700 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SNX shares. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. Morgan Stanley upped their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. Barrington Research raised their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective on the stock in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $294.67.

TD SYNNEX 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.