Key Points
- CEO Patrick Zammit sold 13,900 shares on Feb. 6 at an average price of $171.57 for about $2.38M, trimming his stake by 7.52% to 170,928 shares.
- Q4 results and guidance: TD SYNNEX reported EPS of $3.83 (vs. $3.68 est.) and revenue of $17.38B (vs. $15.46B est.), with revenue up 9.7% YoY and Q1 2026 EPS guidance of $3.00–$3.50; analysts' consensus is a "Moderate Buy" with a ~$170.64 target.
- Dividend raised: the company increased its quarterly dividend to $0.48 (from $0.44), implying an $1.92 annualized payout and a 1.1% yield with a 19.3% payout ratio.
TD SYNNEX Corporation (NYSE:SNX - Get Free Report) CEO Patrick Zammit sold 13,900 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the sale, the chief executive officer directly owned 170,928 shares of the company's stock, valued at approximately $29,326,116.96. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
TD SYNNEX Trading Up 0.3%
NYSE:SNX opened at $171.88 on Tuesday. The firm has a market capitalization of $13.86 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.23 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $154.52 and a 200 day moving average of $152.44. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $173.33.
TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion for the quarter, compared to analysts' expectations of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.
TD SYNNEX Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $0.48 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from TD SYNNEX's previous quarterly dividend of $0.44. TD SYNNEX's dividend payout ratio is 19.26%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on SNX shares. The Goldman Sachs Group started coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They issued a "buy" rating and a $180.00 price target on the stock. Barclays dropped their target price on shares of TD SYNNEX from $164.00 to $163.00 and set an "equal weight" rating for the company in a research report on Friday, January 9th. UBS Group boosted their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, January 9th. Royal Bank Of Canada restated an "outperform" rating on shares of TD SYNNEX in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $170.64.
Check Out Our Latest Report on SNX
Hedge Funds Weigh In On TD SYNNEX
Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $124,618,000. Alyeska Investment Group L.P. bought a new stake in TD SYNNEX in the third quarter worth $135,631,000. Vanguard Group Inc. grew its stake in shares of TD SYNNEX by 10.1% in the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider's stock worth $1,119,340,000 after acquiring an additional 759,022 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider's stock worth $119,263,000 after acquiring an additional 402,573 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of TD SYNNEX during the fourth quarter valued at $60,104,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.
About TD SYNNEX
(
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.
Further Reading
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