TD SYNNEX (NYSE:SNX) Director Sells $52,345.44 in Stock

TD SYNNEX Corporation (NYSE:SNX) Director Merline Saintil sold 336 shares of the firm’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 transaction of $52,345.44. Following the sale, the director owned 7,330 shares of the company’s stock, valued at approximately $1,141,940.70. The trade was a 4.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TD SYNNEX Stock Performance

Shares of SNX stock traded down $2.43 during trading hours on Tuesday, hitting $150.89. 618,053 shares of the company were exchanged, compared to its average volume of 778,433. The firm has a fifty day simple moving average of $153.95 and a 200 day simple moving average of $139.24. 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 Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.43.

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

TD SYNNEX Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of TD SYNNEX during the 3rd quarter worth $42,000. Cullen Frost Bankers Inc. bought a new stake in shares of TD SYNNEX during the 1st quarter worth $44,000. Quarry LP bought a new stake in shares of TD SYNNEX during the 1st quarter worth $51,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of TD SYNNEX during the 2nd quarter worth $55,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SNX shares. Wall Street Zen lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Monday. Barrington Research lifted their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $175.00 price objective on shares of TD SYNNEX in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.55.

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.