TD SYNNEX Co. (NYSE:SNX) Director Sells $2,352,400.00 in Stock

TD SYNNEX Co. (NYSE:SNX) Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the sale, the director now owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $122.92 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The company has a market capitalization of $10.46 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The stock has a fifty day moving average of $119.58 and a 200-day moving average of $117.79. TD SYNNEX Co. has a one year low of $98.70 and a one year high of $133.85.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of TD SYNNEX by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock worth $313,000 after acquiring an additional 86 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in TD SYNNEX by 3.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 90 shares during the period. AlphaMark Advisors LLC raised its stake in TD SYNNEX by 1.3% during the 3rd quarter. AlphaMark Advisors LLC now owns 7,734 shares of the business services provider’s stock valued at $929,000 after purchasing an additional 100 shares during the period. Atria Investments Inc lifted its holdings in shares of TD SYNNEX by 4.1% in the third quarter. Atria Investments Inc now owns 2,862 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 112 shares in the last quarter. Finally, Meixler Investment Management Ltd. boosted its position in shares of TD SYNNEX by 2.1% in the third quarter. Meixler Investment Management Ltd. now owns 5,814 shares of the business services provider’s stock worth $698,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNX. Barclays raised their price target on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a research report on Tuesday. StockNews.com cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and set a $138.00 target price on shares of TD SYNNEX in a report on Monday, September 23rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a research note on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.75.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.