TD SYNNEX Corporation $SNX Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in TD SYNNEX Corporation (NYSE:SNX) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,154 shares of the business services provider’s stock after selling 13,643 shares during the period. Tidal Investments LLC owned 0.16% of TD SYNNEX worth $33,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bell Investment Advisors Inc acquired a new position in shares of TD SYNNEX during the 2nd quarter worth approximately $27,000. Ossiam grew its holdings in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Fiduciary Financial Advisors purchased a new position in TD SYNNEX during the second quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX in the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX in the third quarter valued at $30,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

SNX has been the topic of a number of analyst reports. UBS Group increased their price objective on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Barclays boosted their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $295.67.

Insider Buying and Selling

In other news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This trade represents a 21.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of TD SYNNEX stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director owned 5,828 shares in the company, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,273 shares of company stock worth $2,851,852. 0.70% of the stock is currently owned by corporate insiders.

TD SYNNEX Trading Up 0.1%

Shares of SNX opened at $258.96 on Thursday. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The firm has a market capitalization of $20.71 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $252.14 and its 200 day simple moving average is $228.67.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to the consensus estimate of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

TD SYNNEX Company Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.