TD SYNNEX (NYSE:SNX) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of TD SYNNEX (NYSE:SNX) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other research firms have also weighed in on SNX. UBS Group upped their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barrington Research reissued an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a report on Friday, January 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Stock Down 7.2%

Shares of NYSE:SNX opened at $157.76 on Tuesday. The business’s 50 day simple moving average is $155.28 and its two-hundred day simple moving average is $152.78. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $175.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.21. The firm has a market cap of $12.72 billion, a P/E ratio of 15.82, a PEG ratio of 1.22 and a beta of 1.38.

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

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, January 16th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.2%. TD SYNNEX’s payout ratio is currently 19.26%.

Insider Buying and Selling

In related news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the sale, the director owned 7,162 shares of the company’s stock, valued at $1,098,507.56. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Hume sold 23,365 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $160.63, for a total value of $3,753,119.95. Following the completion of the transaction, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 85,916 shares of company stock worth $13,871,759 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after acquiring an additional 1,460 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TD SYNNEX by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after purchasing an additional 9,815 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TD SYNNEX by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after buying an additional 12,615 shares in the last quarter. US Bancorp DE lifted its position in shares of TD SYNNEX by 4.4% in the second quarter. US Bancorp DE now owns 6,361 shares of the business services provider’s stock worth $863,000 after buying an additional 266 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in TD SYNNEX during the second quarter valued at approximately $602,000. Institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.