TD SYNNEX Corporation $SNX Position Boosted by Empowered Funds LLC

Posted by Francis Steltz on Jul 29th, 2026

Empowered Funds LLC increased its position in TD SYNNEX Corporation (NYSE:SNX – Free Report) by 34.4% in the first quarter, Holdings Channel reports. The firm owned 100,485 shares of the business services provider’s stock after purchasing an additional 25,732 shares during the quarter. Empowered Funds LLC’s holdings in TD SYNNEX were worth $16,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its stake in TD SYNNEX by 28.1% during the first quarter. Quantinno Capital Management LP now owns 65,240 shares of the business services provider’s stock valued at $11,007,000 after buying an additional 14,302 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of TD SYNNEX in the 1st quarter worth approximately $375,000. Weiss Asset Management LP bought a new stake in shares of TD SYNNEX in the 1st quarter valued at approximately $4,435,000. Lombard Odier Asset Management USA Corp raised its position in shares of TD SYNNEX by 92.8% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 6,439 shares of the business services provider’s stock valued at $1,086,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Waverly Advisors LLC raised its position in shares of TD SYNNEX by 6.3% during the 1st quarter. Waverly Advisors LLC now owns 7,412 shares of the business services provider’s stock valued at $1,250,000 after acquiring an additional 438 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of SNX opened at $247.01 on Wednesday. TD SYNNEX Corporation has a 12 month low of $139.23 and a 12 month high of $296.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The stock has a fifty day moving average price of $259.43 and a 200 day moving average price of $207.32. The company has a market cap of $19.75 billion, a P/E ratio of 17.68, a PEG ratio of 0.69 and a beta of 1.43.

TD SYNNEX (NYSE:SNX – Get Free Report) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. During the same period last year, the business posted $2.99 earnings per share. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $0.48 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Analysts Set New Price Targets

SNX has been the topic of several research analyst reports. Morgan Stanley raised their price objective on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Barrington Research boosted their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research note on Friday, June 26th. Finally, Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $294.67.

Get Our Latest Stock Report on TD SYNNEX

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $4,933,700. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Company Profile

(Free Report)

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.