TD SYNNEX (NYSE:SNX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TD SYNNEX (NYSE:SNX) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

SNX has been the subject of several other reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Barclays cut their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. UBS Group upped their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Finally, The Goldman Sachs Group began coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and an average target price of $170.64.

TD SYNNEX Trading Down 0.0%

SNX opened at $161.27 on Friday. The company has a market cap of $13.00 billion, a P/E ratio of 16.18, a PEG ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $155.97 and its 200-day moving average is $153.53. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $175.56.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the company earned $3.09 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $0.48 dividend. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX’s dividend payout ratio is presently 19.26%.

Insider Activity

In other news, Director Merline Saintil sold 168 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the sale, the director directly owned 7,162 shares in the company, valued at $1,098,507.56. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares in the company, valued at approximately $6,829,184.45. The trade was a 35.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 85,916 shares of company stock valued at $13,871,759. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SNX. Parcion Private Wealth LLC increased its stake in TD SYNNEX by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after purchasing an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of TD SYNNEX by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock valued at $310,000 after buying an additional 69 shares during the period. Ashton Thomas Private Wealth LLC increased its position in TD SYNNEX by 3.5% in the 4th 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 in the last quarter. Quadrant Capital Group LLC increased its position in TD SYNNEX by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 73 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after buying an additional 74 shares during the period. 84.00% of the stock is owned by institutional investors.

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.