TD SYNNEX Corporation (NYSE:SNX) Sees Large Decline in Short Interest

TD SYNNEX Corporation (NYSE:SNX) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,219,234 shares, a decline of 15.6% from the February 26th total of 1,444,651 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 511,251 shares, the short-interest ratio is presently 2.4 days.

Insider Transactions at TD SYNNEX

In related news, CEO Patrick Zammit sold 13,900 shares of the firm’s 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 transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at approximately $29,326,116.96. This trade represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the transaction, the director owned 6,995 shares in the company, valued at $1,103,461.25. This trade represents a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,915 shares of company stock worth $13,111,786 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of TD SYNNEX

Large investors have recently made changes to their positions in the business. Parcion Private Wealth LLC raised its position in shares of TD SYNNEX by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in TD SYNNEX by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock worth $310,000 after acquiring an additional 69 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in TD SYNNEX by 3.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after acquiring an additional 71 shares during the last quarter. Quadrant Capital Group LLC raised its position in TD SYNNEX by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock valued at $1,140,000 after purchasing an additional 73 shares during the period. Finally, Jones Financial Companies Lllp raised its position in TD SYNNEX by 10.6% during the third quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 74 shares during the period. 84.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SNX shares. UBS Group increased their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, January 9th. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Morgan Stanley increased their price objective on shares of TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.70.

TD SYNNEX News Roundup

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.

TD SYNNEX Price Performance

NYSE:SNX traded up $14.51 during trading hours on Wednesday, reaching $183.22. The stock had a trading volume of 478,515 shares, compared to its average volume of 764,173. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $184.58. The company has a 50 day moving average price of $159.18 and a two-hundred day moving average price of $155.29. The stock has a market capitalization of $14.77 billion, a PE ratio of 18.37, a PEG ratio of 1.15 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same period in the prior year, the company earned $2.80 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.92 annualized dividend and a yield of 1.0%. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

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.