TD SYNNEX (NYSE:SNX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of TD SYNNEX (NYSE:SNX) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other research firms have also recently commented on SNX. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. UBS Group upped their price objective on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Trading Down 0.0%

Shares of SNX stock opened at $172.17 on Tuesday. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $173.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The company has a market capitalization of $13.88 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The business’s fifty day moving average is $154.89 and its 200 day moving average is $152.62.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the firm posted $3.09 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, equities research analysts anticipate that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Increases Dividend

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

Insider Buying and Selling

In other news, CEO Patrick Zammit sold 13,900 shares of TD SYNNEX stock in a transaction on Friday, February 6th. The stock was sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the completion of the sale, the chief executive officer directly owned 170,928 shares in the company, valued at approximately $29,326,116.96. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Hume sold 25,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the transaction, the director owned 47,515 shares in the company, valued at approximately $7,634,235.05. The trade was a 34.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 85,916 shares of company stock worth $13,871,759. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds have recently modified their holdings of SNX. Federated Hermes Inc. boosted its stake in shares of TD SYNNEX by 1.8% in the second quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock valued at $29,228,000 after purchasing an additional 3,736 shares during the period. Thrivent Financial for Lutherans lifted its holdings in TD SYNNEX by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock worth $162,568,000 after buying an additional 71,249 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new position in TD SYNNEX in the 2nd quarter valued at approximately $3,452,000. Curbstone Financial Management Corp acquired a new position in shares of TD SYNNEX in the second quarter worth $400,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of TD SYNNEX by 16.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock worth $54,535,000 after acquiring an additional 46,713 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

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.