Brokerages Set TD SYNNEX Corporation (NYSE:SNX) Price Target at $169.55

Shares of TD SYNNEX Corporation (NYSE:SNX) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $169.5455.

SNX has been the topic of several recent analyst reports. Barclays increased their target price on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Morgan Stanley raised their target price on shares of TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group lifted their price target on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Finally, Bank of America upped their price objective on TD SYNNEX from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 26th.

Insider Activity at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total transaction of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares in the company, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Merline Saintil sold 336 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director directly owned 7,330 shares in the company, valued at $1,141,940.70. This trade represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,632 shares of company stock valued at $2,264,033 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

A number of hedge funds have recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of TD SYNNEX in the first quarter valued at $121,259,000. Norges Bank acquired a new stake in TD SYNNEX during the 2nd quarter valued at approximately $124,618,000. Metropolis Capital Ltd purchased a new stake in TD SYNNEX during the 2nd quarter worth approximately $115,168,000. Alyeska Investment Group L.P. purchased a new stake in TD SYNNEX during the 3rd quarter worth approximately $135,631,000. Finally, Vanguard Group Inc. raised its holdings in TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock valued at $1,119,340,000 after acquiring an additional 759,022 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Trading Down 0.6%

TD SYNNEX stock opened at $151.60 on Friday. The stock has a 50-day moving average price of $154.09 and a 200 day moving average price of $144.32. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $167.76. The stock has a market cap of $12.35 billion, a PE ratio of 16.44, a P/E/G ratio of 1.19 and a beta of 1.41. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.53. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.11 billion. During the same period last year, the company earned $2.86 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were issued a $0.44 dividend. The ex-dividend date was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.09%.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.