TD SYNNEX Corporation (NYSE:SNX) Receives $170.64 Average Target Price from Analysts

Shares of TD SYNNEX Corporation (NYSE:SNX) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $170.6364.

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. UBS Group boosted their price objective on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a report on Friday, January 9th. Barclays lowered their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, January 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, January 9th.

TD SYNNEX Stock Performance

Shares of SNX opened at $161.35 on Thursday. The stock has a 50-day moving average of $155.78 and a two-hundred day moving average of $153.25. 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 stock has a market cap of $13.01 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.15 and a beta of 1.38. TD SYNNEX has a one year low of $92.23 and a one year high of $175.56.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the business posted $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, research analysts predict that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Increases Dividend

The company also recently announced 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 was Friday, January 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Insider Activity at TD SYNNEX

In related news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction dated 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 transaction, the director owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total value of $3,753,119.95. Following the transaction, the director owned 42,515 shares in the company, valued at $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. Over the last quarter, insiders have sold 85,916 shares of company stock worth $13,871,759. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parcion Private Wealth LLC increased its holdings in TD SYNNEX by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after acquiring an additional 68 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of TD SYNNEX by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 1,895 shares of the business services provider’s stock worth $310,000 after purchasing an additional 69 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of TD SYNNEX by 3.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,107 shares of the business services provider’s stock worth $317,000 after purchasing an additional 71 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in TD SYNNEX by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 7,588 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 73 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in TD SYNNEX by 10.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after buying an additional 74 shares during the last quarter. Hedge funds and other 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.