TD SYNNEX (NYSE:SNX) Shares Up 4.1% – Still a Buy?

TD SYNNEX Corporation (NYSE:SNX) shares rose 4.1% during mid-day trading on Wednesday . The company traded as high as $297.58 and last traded at $294.9030. Approximately 843,437 shares were traded during trading, an increase of 7% from the average daily volume of 791,496 shares. The stock had previously closed at $283.25.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SNX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of TD SYNNEX in a research report on Monday, September 14th. Barclays lifted their price objective on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th. Morgan Stanley decreased their price target on shares of TD SYNNEX from $374.00 to $334.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Finally, Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. Eight analysts have rated the stock with 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 $291.22.

TD SYNNEX Stock Up 2.0%

The firm has a market capitalization of $23.10 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.78 and a beta of 1.43. The stock has a fifty day moving average price of $255.88 and a two-hundred day moving average price of $235.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts forecast that TD SYNNEX Corporation will post 18.16 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s payout ratio is presently 13.74%.

Insider Activity at TD SYNNEX

In related news, Director Ann Vezina sold 1,273 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Hume sold 5,000 shares of the stock in a transaction on Monday, July 6th. The stock was 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. The trade was a 21.24% decrease in their position. 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. Over the last quarter, insiders have sold 11,273 shares of company stock valued at $2,851,852. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in TD SYNNEX during the second quarter valued at approximately $1,958,683,000. Geode Capital Management LLC boosted its position in TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after acquiring an additional 99,090 shares during the period. Metropolis Capital Ltd boosted its holdings in shares of TD SYNNEX by 9.5% during the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the period. Norges Bank purchased a new position in TD SYNNEX during the fourth quarter valued at approximately $148,559,000. Finally, Principal Financial Group Inc. raised its holdings in shares of TD SYNNEX by 8.1% during the first quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock worth $115,406,000 after acquiring an additional 51,303 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.