TD SYNNEX (NYSE:SNX) Sets New 52-Week High Following Strong Earnings

TD SYNNEX Corporation (NYSE:SNX) hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $183.19 and last traded at $182.8120, with a volume of 282895 shares traded. The stock had previously closed at $168.71.

The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.49. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.TD SYNNEX’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is 19.26%.

Key Headlines Impacting TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Big earnings & revenue beat — TD SYNNEX reported Q1 EPS of $4.73 versus consensus around $3.25 and revenue of ~$17.16B, well above estimates. Management highlighted broad-based distribution strength and growth in its Hyve/Hive solutions, which underpins higher near-term profit expectations and helped lift guidance commentary. Read More.
• Positive Sentiment: Guidance/forward commentary drove optimism — Analysts and deep-dive coverage point to distribution momentum plus Hyve/Hive recurring revenue as the main drivers of upside to Q2/2026 outlook, supporting multiple expansion. Read More.
• Positive Sentiment: Dividend announced — Company declared a quarterly dividend of $0.48/share (ex-div April 15), showing cash return to shareholders and signaling confidence in free cash flow. (Payment April 29.)
• Positive Sentiment: New partner distribution deals — TD SYNNEX added channel partnerships (example: FatPipe) that expand its cybersecurity/SD‑WAN catalogue and distribution reach, supporting future revenue growth. Read More.
• Neutral Sentiment: Analysts mixed — Coverage notes solid results but some analysts remain cautious on seasonality and margin leverage; price targets vary. Monitor analyst revisions for further directional signals. Read More.
• Neutral Sentiment: Investor materials available — Slide deck and call highlights provide detail on segment performance and margin drivers; useful for modeling recurring revenue mix and FY2026 EPS outlook. Read More.
• Negative Sentiment: Significant insider selling noted — Recent filings and data aggregators show numerous insider share sales (multiple senior executives), and some large institutional trimming in recent quarters; if sustained, that could create selling pressure or be viewed negatively by investors. Read More.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNX. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research note on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price on the stock. Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a research report on Friday, March 27th. Finally, UBS Group raised their price target 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.70.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 23,365 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 42,515 shares in the company, valued at approximately $6,829,184.45. The trade was a 35.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Merline Saintil sold 167 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the sale, the director directly owned 6,995 shares in the company, valued at approximately $1,103,461.25. This trade represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 80,915 shares of company stock valued at $13,111,786. 0.70% of the stock is owned by insiders.

Institutional Trading of TD SYNNEX

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. raised its stake in shares of TD SYNNEX by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock valued at $29,228,000 after purchasing an additional 3,736 shares during the period. Thrivent Financial for Lutherans lifted its holdings in TD SYNNEX by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock worth $162,568,000 after purchasing an additional 71,249 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in TD SYNNEX by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock worth $54,535,000 after purchasing an additional 46,713 shares during the period. Envestnet Asset Management Inc. grew its holdings in TD SYNNEX by 11.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock valued at $13,587,000 after buying an additional 8,264 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in TD SYNNEX during the 3rd quarter valued at about $1,701,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

The stock has a market capitalization of $14.69 billion, a P/E ratio of 18.25, 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. The company has a 50-day moving average price of $159.18 and a two-hundred day moving average price of $155.29.

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.