Key Points
- Director Richard Hume sold 5,000 shares of TD SYNNEX on January 5 at an average price of $153.77 for about $768,850, reducing his stake by 9.52% to 47,515 shares (disclosed in an SEC filing).
- Analysts give TD SYNNEX an average rating of Moderate Buy with an average target of $169.18 (9 Buys, 3 Holds); the stock trades near its 50- and 200-day moving averages and has a market cap of about $12.4 billion and a PE of ~16.5.
TD SYNNEX Corporation (NYSE:SNX - Get Free Report) Director Richard Hume sold 5,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $153.77, for a total value of $768,850.00. Following the sale, the director directly owned 47,515 shares of the company's stock, valued at approximately $7,306,381.55. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
TD SYNNEX Stock Down 0.5%
TD SYNNEX stock opened at $152.36 on Wednesday. The company has a 50 day moving average of $152.10 and a 200-day moving average of $149.73. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $167.76. The stock has a market capitalization of $12.41 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37.
Analysts Set New Price Targets
A number of brokerages have recently commented on SNX. Barrington Research boosted their price target on TD SYNNEX from $156.00 to $182.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Wall Street Zen cut TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Monday, November 3rd. Morgan Stanley decreased their price target on shares of TD SYNNEX from $181.00 to $177.00 and set an "overweight" rating for the company in a research note on Wednesday, December 17th. Zacks Research lowered shares of TD SYNNEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 15th. Finally, Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research report on Thursday, September 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $169.18.
Get Our Latest Stock Report on SNX
Institutional Investors Weigh In On TD SYNNEX
Large investors have recently added to or reduced their stakes in the business. Parcion Private Wealth LLC lifted its holdings in TD SYNNEX by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider's stock valued at $2,487,000 after purchasing an additional 68 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of TD SYNNEX by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider's stock valued at $310,000 after purchasing an additional 69 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider's stock worth $127,000 after buying an additional 74 shares during the last quarter. Ossiam boosted its holdings in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after buying an additional 75 shares during the period. Finally, BTC Capital Management Inc. grew its stake in TD SYNNEX by 3.1% in the 3rd quarter. BTC Capital Management Inc. now owns 2,996 shares of the business services provider's stock valued at $491,000 after buying an additional 91 shares during the last quarter. Institutional investors own 84.00% of the company's stock.
TD SYNNEX Company Profile
(
Get Free Report)
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.
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