Analysts Set TD SYNNEX Corporation (NYSE:SNX) PT at $170.64

Shares of TD SYNNEX Corporation (NYSE:SNX) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $170.6364.

SNX has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a report on Friday, January 9th. Barclays reduced their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Wall Street Zen upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, UBS Group increased their price target on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, January 9th.

Insiders Place Their Bets

In other news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the sale, the director owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $156.49, for a total transaction of $261,807.77. Following the transaction, the insider owned 16,529 shares in the company, valued at $2,586,623.21. The trade was a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 17,177 shares of company stock worth $2,638,371. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently bought and sold shares of SNX. Dorato Capital Management acquired a new stake in shares of TD SYNNEX in the 4th quarter valued at about $27,000. Ossiam boosted its holdings in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in TD SYNNEX in the third quarter valued at approximately $30,000. Brown Brothers Harriman & Co. increased its holdings in shares of TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 196 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of TD SYNNEX during the third quarter worth approximately $42,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Performance

NYSE SNX opened at $152.27 on Friday. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.07 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX has a twelve month low of $92.23 and a twelve month high of $167.76. The stock has a fifty day simple moving average of $151.51 and a 200 day simple moving average of $150.70.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Sell-side analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $0.48 per share. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 16th. TD SYNNEX’s payout ratio is 19.26%.

About TD SYNNEX

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.