TD SYNNEX Corporation $SNX Shares Sold by Oak Thistle LLC

Oak Thistle LLC reduced its stake in TD SYNNEX Corporation (NYSE:SNX) by 50.3% in the 3rd quarter, Holdings Channel reports. The firm owned 4,771 shares of the business services provider’s stock after selling 4,821 shares during the quarter. Oak Thistle LLC’s holdings in TD SYNNEX were worth $781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its position in shares of TD SYNNEX by 3.1% in the second quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider’s stock worth $449,000 after buying an additional 101 shares during the period. Blue Trust Inc. lifted its position in TD SYNNEX by 23.7% during the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider’s stock worth $74,000 after acquiring an additional 104 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in TD SYNNEX by 19.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider’s stock worth $76,000 after acquiring an additional 116 shares in the last quarter. Signaturefd LLC boosted its holdings in TD SYNNEX by 15.3% in the 2nd quarter. Signaturefd LLC now owns 937 shares of the business services provider’s stock worth $127,000 after acquiring an additional 124 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in TD SYNNEX by 17.4% in the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other news, Director Merline Saintil sold 336 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $155.79, for a total value of $52,345.44. Following the transaction, the director directly owned 7,330 shares in the company, valued at approximately $1,141,940.70. This trade represents a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of TD SYNNEX stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $156.49, for a total transaction of $261,807.77. Following the completion of the transaction, the insider directly owned 16,529 shares of the company’s stock, valued at $2,586,623.21. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,939 shares of company stock valued at $2,921,338. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $154.05 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 1 year low of $92.23 and a 1 year high of $167.76. The firm’s 50-day simple moving average is $152.53 and its 200-day simple moving average is $147.03. The firm has a market cap of $12.55 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.03 and a beta of 1.36.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.53. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same period last year, the firm earned $2.86 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, October 17th. TD SYNNEX’s dividend payout ratio is currently 19.09%.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of recent research reports. Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research report on Thursday, September 25th. Barclays upped their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. The Goldman Sachs Group lifted their target price on TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Royal Bank Of Canada boosted their price target on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.18.

TD SYNNEX Company Profile

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.