Key Points
- TD SYNNEX CFO Marshall Witt sold 861 shares of company stock for approximately $129,012.24, reducing his position by 1.70% to hold 49,777 shares valued at about $7.46 million.
- The company reported earnings of $2.99 EPS for the last quarter, exceeding expectations and showing a revenue increase of 7.2% year-over-year, with guidance for Q3 2025 set between 2.750-3.250 EPS.
- Multiple analysts raised their price targets for TD SYNNEX, with Bank of America increasing theirs to $170.00 and Royal Bank of Canada moving to $165.00, reflecting a consensus rating of "Moderate Buy."
TD SYNNEX Corporation (NYSE:SNX - Get Free Report) CFO Marshall Witt sold 861 shares of TD SYNNEX stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the sale, the chief financial officer directly owned 49,777 shares of the company's stock, valued at approximately $7,458,585.68. The trade was a 1.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
TD SYNNEX Stock Up 1.5%
TD SYNNEX stock opened at $150.69 on Friday. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.21 and a beta of 1.35. The stock has a fifty day simple moving average of $146.87 and a two-hundred day simple moving average of $129.69. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $154.44. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.
TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping 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 business had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the company earned $2.73 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Equities analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current fiscal year.
TD SYNNEX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's dividend payout ratio is 20.56%.
Analysts Set New Price Targets
A number of analysts recently commented on SNX shares. Barrington Research reiterated an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, July 11th. Bank of America upped their price objective on TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on TD SYNNEX from $145.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Morgan Stanley boosted their price target on TD SYNNEX from $155.00 to $173.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Loop Capital boosted their price target on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a report on Monday, June 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.10.
Check Out Our Latest Stock Analysis on SNX
Hedge Funds Weigh In On TD SYNNEX
A number of hedge funds have recently made changes to their positions in SNX. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of TD SYNNEX by 329.8% in the first 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 period. Versant Capital Management Inc lifted its position in shares of TD SYNNEX by 115.1% in the first quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after buying an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of TD SYNNEX in the first quarter worth about $44,000. Quarry LP purchased a new stake in shares of TD SYNNEX in the first quarter worth about $51,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of TD SYNNEX in the second quarter worth about $55,000. Institutional investors own 84.00% of the company's stock.
About TD SYNNEX
(
Get Free Report)
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.
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