TD SYNNEX (NYSE:SNX) Sets New 12-Month High – Time to Buy?

Shares of TD SYNNEX Corporation (NYSE:SNX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $175.56 and last traded at $170.0160, with a volume of 459664 shares. The stock had previously closed at $172.20.

Analysts Set New Price Targets

SNX has been the topic of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. UBS Group lifted their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Morgan Stanley lowered their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.24 and a beta of 1.38. The company’s fifty day moving average is $155.21 and its two-hundred day moving average is $152.74.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, topping 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 firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. The business’s quarterly revenue 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 Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.1%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

Insider Activity

In other TD SYNNEX news, CEO Patrick Zammit sold 13,900 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the sale, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Merline Saintil sold 168 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were 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 of the company’s stock, valued at $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 85,916 shares of company stock worth $13,871,759 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in TD SYNNEX during the 4th quarter valued at $148,559,000. Alyeska Investment Group L.P. acquired a new stake in shares of TD SYNNEX during the third quarter valued at about $135,631,000. Vanguard Group Inc. increased its position in shares of TD SYNNEX by 10.1% during the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider’s stock worth $1,119,340,000 after acquiring an additional 759,022 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of TD SYNNEX by 123.6% in the third quarter. Victory Capital Management Inc. now owns 728,321 shares of the business services provider’s stock worth $119,263,000 after acquiring an additional 402,573 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in TD SYNNEX in the fourth quarter valued at about $60,104,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.