one8zero8 LLC Makes New $1.14 Million Investment in TD SYNNEX Corporation $SNX

one8zero8 LLC acquired a new stake in shares of TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,250 shares of the business services provider’s stock, valued at approximately $1,136,000.

A number of other hedge funds have also recently modified their holdings of SNX. Bell Investment Advisors Inc acquired a new stake in TD SYNNEX during the second quarter worth about $27,000. Ossiam lifted its holdings in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX in the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TD SYNNEX during the 4th quarter worth approximately $28,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the transaction, the director directly owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. 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. Insiders have sold 16,273 shares of company stock valued at $4,253,752 in the last three months. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Morgan Stanley upped their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a research note on Friday, June 26th. Finally, Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $294.67.

TD SYNNEX Stock Performance

SNX opened at $251.92 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.73 and a beta of 1.44. TD SYNNEX Corporation has a 52-week low of $142.22 and a 52-week high of $296.47. The firm’s fifty day simple moving average is $259.09 and its two-hundred day simple moving average is $219.01.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping 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 business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same quarter in the previous year, the company earned $2.99 earnings per share. The company’s quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued 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 dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio is presently 13.74%.

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.