Analysts Set TD SYNNEX Corporation (NYSE:SNX) Target Price at $183.00

Shares of TD SYNNEX Corporation (NYSE:SNX) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $183.00.

SNX has been the topic of a number of research reports. UBS Group raised their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada increased their price objective on TD SYNNEX from $180.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group raised their price objective on TD SYNNEX from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Barclays upped their target price on TD SYNNEX from $163.00 to $166.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 1st.

TD SYNNEX Trading Down 0.0%

NYSE SNX opened at $186.90 on Friday. The stock has a market cap of $15.07 billion, a PE ratio of 15.54, a PEG ratio of 1.08 and a beta of 1.23. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $191.79. The company’s 50-day moving average price is $161.27 and its 200-day moving average price is $156.06. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $2.80 EPS. Equities research analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 1.0%. TD SYNNEX’s dividend payout ratio is 15.96%.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Q1 earnings beat and new 52‑week high — TD SYNNEX reported a strong quarter (EPS and revenue above expectations; revenue +18% YoY) and the stock reached a new 52‑week high on the results. Read More.
• Positive Sentiment: RBC raised price target to $210 and set an “outperform” rating, signaling material upside from current levels and adding institutional support for the rally. Read More.
• Positive Sentiment: Goldman Sachs boosted its price target to $205 and maintains a “buy” rating, reinforcing analyst confidence following the earnings beat. Read More.
• Positive Sentiment: Bullish analyst commentary on Hyve and forward EPS growth — Seeking Alpha writeups highlight Hyve’s rapid scaling (now ~27% of EBIT), new hyperscaler customers, and expectations for continued strong EPS growth and margin expansion, supporting longer‑term upside. Read More. Read More.
• Positive Sentiment: Featured among stocks that beat estimates and noted for a recent analyst price‑target increase from Barrington — more third‑party recognition following the earnings outperformance. Read More.
• Neutral Sentiment: Consensus broker view summarized as “Moderate Buy” — a constructive but not unanimous endorsement that suggests cautious optimism among the broader sell‑side community. Read More.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Zammit sold 13,900 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the transaction, the chief executive officer owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,915 shares of company stock worth $12,342,936 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On TD SYNNEX

Large investors have recently bought and sold shares of the business. Ossiam boosted its position in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Dorato Capital Management bought a new position in shares of TD SYNNEX in the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX during the 3rd quarter worth $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of TD SYNNEX during the 4th quarter worth $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in TD SYNNEX during the fourth quarter valued at about $32,000. Institutional investors own 84.00% of the company’s stock.

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.