TD SYNNEX Corporation (NYSE:SNX – Get Free Report) Director Richard Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This trade represents a 21.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TD SYNNEX Price Performance
Shares of NYSE:SNX opened at $250.13 on Friday. The stock has a market cap of $20.00 billion, a PE ratio of 17.91, a PEG ratio of 0.69 and a beta of 1.43. The company’s fifty day moving average is $255.36 and its 200 day moving average is $198.63. TD SYNNEX Corporation has a 52 week low of $139.23 and a 52 week high of $296.47. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.
TD SYNNEX (NYSE:SNX – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts anticipate that TD SYNNEX Corporation will post 18.02 earnings per share for the current year.
TD SYNNEX Announces Dividend
Institutional Trading of TD SYNNEX
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its position in TD SYNNEX by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. lifted its position in shares of TD SYNNEX by 2.9% in the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock worth $330,000 after purchasing an additional 56 shares during the period. Kesler Norman & Wride LLC lifted its position in shares of TD SYNNEX by 0.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 8,581 shares of the business services provider’s stock worth $1,448,000 after purchasing an additional 61 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of 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 valued at $317,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. UBS Group increased their price objective on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a report on Friday, June 26th. Finally, Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $294.67.
Check Out Our Latest Research Report on SNX
TD SYNNEX Company Profile
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.
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