TD SYNNEX Corporation (NYSE:SNX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TD SYNNEX Corporation (NYSE:SNX) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $149.30.

Several research firms have weighed in on SNX. Bank of America raised their target price on TD SYNNEX from $156.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price on shares of TD SYNNEX in a report on Wednesday, June 25th. Morgan Stanley set a $155.00 target price on TD SYNNEX and gave the company an “overweight” rating in a report on Wednesday, June 25th. Finally, Barclays set a $140.00 target price on TD SYNNEX in a report on Tuesday, June 24th.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 63,310 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $136.23, for a total value of $8,624,721.30. Following the sale, the director directly owned 67,515 shares of the company’s stock, valued at approximately $9,197,568.45. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total value of $189,153.15. Following the sale, the chief financial officer directly owned 49,563 shares in the company, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,888 shares of company stock valued at $9,115,025. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors have recently added to or reduced their stakes in the company. Ellevest Inc. grew its holdings in TD SYNNEX by 3.9% during the 4th quarter. Ellevest Inc. now owns 2,384 shares of the business services provider’s stock worth $280,000 after acquiring an additional 90 shares during the period. Crossmark Global Holdings Inc. grew its holdings in TD SYNNEX by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock worth $630,000 after acquiring an additional 94 shares during the period. Utah Retirement Systems grew its holdings in TD SYNNEX by 2.5% during the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider’s stock worth $481,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System grew its holdings in TD SYNNEX by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock worth $1,873,000 after acquiring an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in TD SYNNEX by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock worth $2,194,000 after acquiring an additional 100 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

SNX opened at $145.2640 on Thursday. The business has a fifty day simple moving average of $140.21 and a 200-day simple moving average of $128.55. The firm has a market cap of $11.98 billion, a PE ratio of 16.97, a P/E/G ratio of 1.19 and a beta of 1.32. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $153.70. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45.

TD SYNNEX (NYSE:SNX) last released its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.28. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.The company had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the company earned $2.73 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. As a group, equities analysts predict that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX’s dividend payout ratio (DPR) is currently 20.56%.

TD SYNNEX Company Profile

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.