Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells $779,500.00 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Richard Hume sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total value of $779,500.00. Following the completion of the sale, the director directly owned 62,515 shares of the company’s stock, valued at $9,746,088.50. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TD SYNNEX Stock Down 1.2%

Shares of NYSE SNX opened at $153.17 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The stock has a market capitalization of $12.47 billion, a PE ratio of 16.61, a P/E/G ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a one year low of $92.23 and a one year high of $167.76. The business’s fifty day moving average price is $152.54 and its 200-day moving average price is $134.69.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, equities research analysts anticipate that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Bank of America boosted their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Loop Capital upped their target price on TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.55.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in TD SYNNEX by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider’s stock worth $78,000 after purchasing an additional 108 shares during the period. SG Americas Securities LLC bought a new position in shares of TD SYNNEX during the first quarter valued at about $1,025,000. Fifth Third Bancorp increased its holdings in shares of TD SYNNEX by 48.2% in the first quarter. Fifth Third Bancorp now owns 1,476 shares of the business services provider’s stock worth $153,000 after buying an additional 480 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 244 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in TD SYNNEX by 40.3% during the 1st quarter. Ritholtz Wealth Management now owns 3,535 shares of the business services provider’s stock worth $367,000 after acquiring an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.