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

Shares of TD SYNNEX Corporation (NYSE:SNX) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $169.5455.

A number of research analysts have commented on SNX shares. JPMorgan Chase & Co. raised their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Bank of America lifted their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 26th. Wall Street Zen lowered TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Finally, Raymond James Financial set a $175.00 price target on TD SYNNEX in a research report on Thursday, September 25th.

TD SYNNEX Trading Up 2.0%

SNX opened at $154.54 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $154.28 and its two-hundred day moving average is $140.84. The company has a market capitalization of $12.59 billion, a P/E ratio of 16.76, a PEG ratio of 1.19 and a beta of 1.41. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $167.76.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.TD SYNNEX’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. TD SYNNEX’s payout ratio is currently 19.09%.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $153.81, for a total value of $769,050.00. Following the transaction, the director owned 57,515 shares of the company’s stock, valued at $8,846,382.15. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alim Dhanji sold 1,762 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total transaction of $272,317.10. Following the transaction, the insider owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. This trade represents a 11.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,444 shares of company stock worth $2,386,174. Insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

Institutional investors have recently made changes to their positions in the business. Parcion Private Wealth LLC raised its holdings in shares of TD SYNNEX by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 68 shares during the period. Cornerstone Wealth Management LLC grew its position in 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 acquiring an additional 69 shares in the last quarter. Jones Financial Companies Lllp increased its stake in TD SYNNEX by 10.6% during the third quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after purchasing an additional 74 shares during the period. BTC Capital Management Inc. boosted its stake in shares of TD SYNNEX by 3.1% in the third quarter. BTC Capital Management Inc. now owns 2,996 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 91 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.