TD SYNNEX (NYSE:SNX) Insider Alim Dhanji Sells 1,762 Shares

TD SYNNEX Corporation (NYSE:SNX) insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total transaction of $272,317.10. Following the sale, the insider directly owned 13,426 shares in the company, valued at $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TD SYNNEX Trading Down 1.9%

SNX opened at $151.02 on Thursday. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. 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 firm has a market capitalization of $12.30 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.18 and a beta of 1.43. The company’s 50 day moving average price is $152.75 and its two-hundred day moving average price is $135.59.

TD SYNNEX (NYSE:SNX) last posted its earnings results 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). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the previous year, the firm earned $2.86 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX’s payout ratio is presently 19.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of TD SYNNEX in the first quarter valued at about $44,000. Quarry LP purchased a new stake in shares of TD SYNNEX in the first quarter valued at about $51,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of TD SYNNEX in the second quarter valued at about $55,000. Finally, MAI Capital Management raised its holdings in shares of TD SYNNEX by 90.2% in the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 203 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNX shares. Barclays boosted their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. 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 note on Thursday, September 25th. Finally, UBS Group upped their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.55.

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.