Evolve Private Wealth LLC Makes New Investment in TD SYNNEX Corporation $SNX

Evolve Private Wealth LLC purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 2,495 shares of the business services provider’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNX. Concentric Capital Strategies LP bought a new position in shares of TD SYNNEX in the 3rd quarter worth $18,036,000. Fieldview Capital Management LLC bought a new stake in TD SYNNEX in the third quarter valued at about $1,318,000. Citigroup Inc. lifted its stake in TD SYNNEX by 12.0% in the third quarter. Citigroup Inc. now owns 83,103 shares of the business services provider’s stock valued at $13,608,000 after buying an additional 8,914 shares during the period. Intech Investment Management LLC lifted its stake in TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock valued at $3,242,000 after buying an additional 5,982 shares during the period. Finally, R Squared Ltd bought a new position in TD SYNNEX during the fourth quarter worth about $1,507,000. 84.00% of the stock is owned by institutional investors.

Trending Headlines about TD SYNNEX

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

• Positive Sentiment: TD SYNNEX reported record fiscal Q2 results, with revenue of $19.58 billion and non-GAAP EPS of $4.85, both well above expectations. Revenue rose 31% year over year, showing broad-based demand strength. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management issued upbeat Q3 guidance, with EPS outlook of $4.25 to $4.75 and revenue guidance above analyst estimates, signaling continued momentum after the strong quarter. TD SYNNEX stock report
• Positive Sentiment: Analysts responded favorably after the earnings release, including Barrington Research raising its price target to $325 from $202 and reiterating an outperform rating, which can support investor sentiment. Analysts Boost Forecasts on TD Synnex After Upbeat Q2 Results
• Positive Sentiment: Commentary around Hyve Solutions highlighted strong AI infrastructure demand, record billings, and continued growth in both Hyve and distribution, suggesting the business mix is improving. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
• Neutral Sentiment: The company also declared a quarterly dividend of $0.48 per share, which is supportive for income investors but not likely the main driver of the stock today.
• Negative Sentiment: After a sharp year-to-date rally, some investors appear concerned that the stock’s valuation has run ahead of fundamentals, making the shares vulnerable to profit-taking despite the strong operating results. TD Synnex: Still A Buy, Though The Easy Money Has Been Made

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley upped their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Finally, Barclays lifted their price target on shares of TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and an average price target of $277.10.

Insider Transactions at TD SYNNEX

In other news, CFO David Gregory Jordan sold 3,225 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the completion of the sale, the chief financial officer owned 14,035 shares in the company, valued at approximately $2,659,071.10. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Miriam Anne Murphy sold 3,025 shares of TD SYNNEX stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the sale, the insider directly owned 10,820 shares of the company’s stock, valued at $2,165,514.80. The trade was a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,250 shares of company stock worth $4,935,282. 0.70% of the stock is owned by insiders.

TD SYNNEX Trading Down 4.1%

Shares of TD SYNNEX stock opened at $266.17 on Friday. The stock has a market cap of $21.40 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.14 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12-month low of $133.71 and a 12-month high of $296.47. The business’s 50 day moving average is $249.78 and its 200-day moving average is $192.17.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter last year, the company posted $2.99 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 15.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. TD SYNNEX’s dividend payout ratio is presently 15.96%.

TD SYNNEX Company 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.