TD SYNNEX (NYSE:SNX) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

TD SYNNEX Corporation (NYSE:SNX) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $225.88 and traded as low as $221.92. TD SYNNEX shares last traded at $222.1820, with a volume of 1,077,931 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNX. UBS Group increased their target price on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Morgan Stanley upped their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, September 25th. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, Barclays increased their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, TD SYNNEX has a consensus rating of “Buy” and a consensus price target of $331.14.

TD SYNNEX Price Performance

The company has a 50 day simple moving average of $260.11 and a 200-day simple moving average of $225.88. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.51 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. TD SYNNEX’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Research analysts expect that TD SYNNEX Corporation will post 20.35 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a $0.48 dividend. The ex-dividend date was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.9%. TD SYNNEX’s payout ratio is presently 11.70%.

Insider Buying and Selling

In other news, insider Alim Dhanji sold 3,775 shares of TD SYNNEX stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the sale, the insider directly owned 11,712 shares in the company, valued at $2,822,709.12. This trade represents a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares in the company, valued at $3,549,536.77. This trade represents a 26.97% 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. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Weiss Asset Management LP bought a new stake in shares of TD SYNNEX during the 1st quarter worth approximately $4,435,000. Deutsche Bank AG acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at approximately $7,146,000. State of Wyoming acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at approximately $3,378,000. BlackRock Inc. bought a new position in shares of TD SYNNEX in the second quarter valued at $1,958,683,000. Finally, Pacer Advisors Inc. grew its stake in shares of TD SYNNEX by 4,021.1% in the first quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock valued at $61,858,000 after buying an additional 357,755 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.