TD SYNNEX Corporation (NYSE:SNX) Sees Significant Drop in Short Interest

TD SYNNEX Corporation (NYSE:SNX) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,219,234 shares, a drop of 15.6% from the February 26th total of 1,444,651 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 511,251 shares, the short-interest ratio is currently 2.4 days.

TD SYNNEX Price Performance

NYSE:SNX traded up $8.52 during mid-day trading on Tuesday, reaching $168.65. The stock had a trading volume of 1,897,168 shares, compared to its average volume of 760,354. The stock has a market capitalization of $13.60 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.13 and a beta of 1.37. TD SYNNEX has a one year low of $92.23 and a one year high of $175.56. The firm has a 50 day moving average price of $158.73 and a two-hundred day moving average price of $155.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $15.59 billion. During the same quarter in the prior year, the company earned $2.80 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, analysts expect that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio is currently 19.26%.

Insider Transactions at TD SYNNEX

In related news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares in the company, valued at approximately $1,103,461.25. The trade was a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the sale, 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 sold 80,915 shares of company stock worth $13,111,786 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors have recently modified their holdings of the business. Dorato Capital Management bought a new position in TD SYNNEX in the fourth quarter worth approximately $27,000. Ossiam lifted its position in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in TD SYNNEX during the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX during the 3rd quarter valued at approximately $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of TD SYNNEX in the fourth quarter valued at $32,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SNX shares. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. UBS Group boosted their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group assumed coverage on TD SYNNEX in a report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Finally, Barrington Research restated an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research report on Friday. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $174.70.

TD SYNNEX News Roundup

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

• Positive Sentiment: Q1 results sharply beat expectations — EPS $4.73 vs. consensus ~$3.25 and revenue $17.16B vs. estimates near $15.6–15.8B; revenue rose ~18% year‑over‑year, driving the move higher. TD SYNNEX (SNX) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management commentary on the earnings call highlighted demand strength across key product areas and provided a Q2 outlook that analysts called constructive — supporting the bullish momentum. TD SYNNEX Q1 Earnings Call Highlights
• Positive Sentiment: Company reiterated growth drivers and gave guidance/forward commentary that the street labeled positive for Q2, helping sentiment after the quarter. TD SYNNEX beats top-line and bottom-line estimates; gives Q2 outlook
• Positive Sentiment: Business development: TD SYNNEX announced a global distribution partnership with FatPipe to expand Secure SD‑WAN and cybersecurity offerings — a revenue pipeline and solutions‑set positive. FatPipe Announces Partnership with TD SYNNEX
• Neutral Sentiment: Analyst coverage remains favorable overall (recent price targets above current levels, median target around $178), which can provide additional support but doesn’t guarantee further upside. SYNNEX ($SNX) Releases Q1 2026 Earnings, Stock Rises
• Negative Sentiment: Offset risk: Quiver Quant reports heavy insider selling over the past six months (multiple executives selling sizable positions) and significant institutional reductions in recent filings — a potential headwind if selling continues. SYNNEX ($SNX) Releases Q1 2026 Earnings, Stock Rises

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.