TD SYNNEX (NYSE:SNX) Director Merline Saintil Sells 167 Shares

by · The Cerbat Gem

TD SYNNEX Corporation (NYSE:SNX – Get Free Report) Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the transaction, the director owned 6,995 shares of the company’s stock, valued at $1,103,461.25. This trade represents a 2.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

TD SYNNEX Stock Down 1.5%

SNX stock traded down $2.30 during midday trading on Friday, hitting $155.75. The company’s stock had a trading volume of 166,197 shares, compared to its average volume of 764,081. The firm has a 50-day simple moving average of $157.00 and a 200-day simple moving average of $154.13. The firm has a market capitalization of $12.56 billion, a P/E ratio of 15.62, a PEG ratio of 1.15 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $175.56.

TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.15. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the firm earned $3.09 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, equities analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a dividend of $0.48 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dorato Capital Management acquired a new stake in shares of TD SYNNEX during the fourth quarter worth about $27,000. Ossiam lifted its position in 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 acquiring an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of TD SYNNEX in the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX in the third quarter valued at approximately $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of TD SYNNEX during the fourth quarter worth approximately $32,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNX has been the subject of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research note on Friday, January 9th. The Goldman Sachs Group started coverage on TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective for the company. Morgan Stanley cut their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus target price of $170.64.

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TD SYNNEX Company Profile

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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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