TD SYNNEX (NYSE:SNX) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of TD SYNNEX (NYSE:SNX) from a buy rating to a hold rating in a research report released on Saturday.

Several other research analysts also recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Morgan Stanley upped their target price on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Loop Capital increased their price objective on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $169.55.

TD SYNNEX Price Performance

Shares of SNX opened at $153.17 on Friday. TD SYNNEX has a twelve month low of $92.23 and a twelve month high of $167.76. The stock’s 50 day moving average is $152.54 and its two-hundred day moving average is $134.69. The firm 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. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

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

TD SYNNEX Announces Dividend

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

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares of the company’s stock, valued at approximately $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,930 shares of company stock valued at $1,209,663 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after buying an additional 759,022 shares during the period. JPMorgan Chase & Co. increased its holdings in TD SYNNEX by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider’s stock valued at $574,019,000 after buying an additional 330,085 shares during the period. Ninety One UK Ltd boosted its position in TD SYNNEX by 15.0% during the 2nd quarter. Ninety One UK Ltd now owns 2,949,709 shares of the business services provider’s stock worth $400,275,000 after buying an additional 384,518 shares during the period. Abrams Bison Investments LLC lifted its position in shares of TD SYNNEX by 19.4% in the 1st quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after purchasing an additional 435,000 shares during the period. Finally, State Street Corp lifted its position in shares of TD SYNNEX by 0.7% during the 2nd quarter. State Street Corp now owns 2,363,709 shares of the business services provider’s stock valued at $320,755,000 after acquiring an additional 15,400 shares during the period. Institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.