Key Points
- Director Richard Hume sold 5,000 TD SYNNEX shares at an average price of $262.21, generating approximately $1.31 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 26.97%.
- TD SYNNEX reported strong quarterly results, with EPS of $4.85 versus the $4.14 consensus estimate and revenue of $19.57 billion, up 31% year over year. The company issued third-quarter 2026 EPS guidance of $4.25–$4.75.
- Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $294.67. TD SYNNEX also declared a quarterly dividend of $0.48 per share, equivalent to a 0.7% annualized yield.
TD SYNNEX Corporation (NYSE:SNX - Get Free Report) Director Richard Hume sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TD SYNNEX Trading Down 1.6%
SNX stock opened at $258.83 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. TD SYNNEX Corporation has a 1-year low of $142.13 and a 1-year high of $296.47. The business has a 50 day simple moving average of $261.96 and a two-hundred day simple moving average of $212.54. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.74 and a beta of 1.44.
TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion for the quarter, compared to analysts' expectations of $16.80 billion. During the same quarter last year, the business posted $2.99 earnings per share. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts anticipate that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.
TD SYNNEX Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, July 17th. TD SYNNEX's payout ratio is currently 13.74%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Weiss Ratings cut shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, June 17th. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a research report on Friday, June 26th. Zacks Research raised TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Barclays boosted their target price on TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley raised their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX presently has an average rating of "Buy" and a consensus target price of $294.67.
Check Out Our Latest Analysis on SNX
Institutional Trading of TD SYNNEX
Several hedge funds and other institutional investors have recently bought and sold shares of SNX. Ossiam boosted its stake in TD SYNNEX by 84.3% during the third 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. Measured Wealth Private Client Group LLC bought a new stake in shares of TD SYNNEX in the 3rd quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TD SYNNEX in the 4th quarter worth about $28,000. SJS Investment Consulting Inc. boosted its stake in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider's stock worth $34,000 after purchasing an additional 62 shares during the period. Finally, Essential Partners LLC grew its holdings in TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider's stock valued at $34,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other 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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