TD SYNNEX Corporation $SNX Stock: State of Wyoming Trims Stake

State of Wyoming trimmed its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 64.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the business services provider’s stock after selling 8,128 shares during the quarter. State of Wyoming’s holdings in TD SYNNEX were worth $1,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SNX. International Assets Investment Management LLC increased its stake in TD SYNNEX by 5,982.7% during the third quarter. International Assets Investment Management LLC now owns 50,000 shares of the business services provider’s stock worth $12,843,000 after acquiring an additional 49,178 shares during the last quarter. CHICAGO TRUST Co NA raised its position in TD SYNNEX by 38.9% during the third quarter. CHICAGO TRUST Co NA now owns 1,157 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 324 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of TD SYNNEX by 18.2% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,190 shares of the business services provider’s stock valued at $3,645,000 after purchasing an additional 2,190 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in shares of TD SYNNEX by 1.0% in the 3rd quarter. Parcion Private Wealth LLC now owns 16,316 shares of the business services provider’s stock valued at $4,191,000 after purchasing an additional 161 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in shares of TD SYNNEX by 20.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 948 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 159 shares during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares in the company, valued at approximately $2,822,709.12. The trade was a 24.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Trading Down 7.2%

NYSE SNX opened at $236.81 on Friday. The stock has a market cap of $18.89 billion, a PE ratio of 14.43, a PEG ratio of 0.51 and a beta of 1.37. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $298.77. The company’s 50-day moving average price is $260.67 and its 200-day moving average price is $225.55. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities research analysts forecast that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, October 16th. TD SYNNEX’s dividend payout ratio is presently 11.70%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNX. Barclays boosted their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Weiss Ratings lowered TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Morgan Stanley lifted their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Finally, UBS Group lifted their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $331.14.

TD SYNNEX Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.