NewEdge Advisors LLC Purchases 4,108 Shares of TD SYNNEX Corporation $SNX

NewEdge Advisors LLC raised its position in TD SYNNEX Corporation (NYSE:SNX) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,399 shares of the business services provider’s stock after purchasing an additional 4,108 shares during the quarter. NewEdge Advisors LLC owned 0.43% of TD SYNNEX worth $58,610,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ossiam grew its stake in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX during the 3rd quarter worth approximately $30,000. Lloyd Advisory Services LLC. purchased a new position in TD SYNNEX during the 4th quarter valued at $32,000. Finally, SJS Investment Consulting Inc. grew its position in TD SYNNEX by 44.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SNX. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a report on Wednesday, May 27th. Morgan Stanley raised their price target on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” 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. Finally, The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX has a consensus rating of “Buy” and an average target price of $294.67.

TD SYNNEX Price Performance

Shares of SNX stock opened at $258.83 on Friday. TD SYNNEX Corporation has a twelve month low of $142.13 and a twelve month high of $296.47. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.74 and a beta of 1.44. The stock has a fifty day simple moving average of $261.96 and a two-hundred day simple moving average of $212.54. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40.

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

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is 13.74%.

Insider Activity

In related news, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,273 shares of company stock valued at $5,401,452. Company insiders own 0.70% of the company’s stock.

TD SYNNEX 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.