TD SYNNEX (NYSE:SNX) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of TD SYNNEX (NYSE:SNX) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other brokerages also recently commented on SNX. Barclays increased their price objective on TD SYNNEX from $140.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, September 26th. Zacks Research upgraded TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Morgan Stanley increased their price objective on TD SYNNEX from $173.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, UBS Group upped their price target on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $169.55.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $153.17 on Monday. TD SYNNEX has a one year low of $92.23 and a one year high of $167.76. The stock has a fifty day moving average of $153.95 and a 200-day moving average of $139.24. The company has a market capitalization of $12.47 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same quarter last year, the company posted $2.86 EPS. TD SYNNEX’s revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities analysts anticipate that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 17th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, October 17th. TD SYNNEX’s dividend payout ratio (DPR) is 19.09%.

Insider Buying and Selling

In other news, CFO Marshall Witt sold 861 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the sale, the chief financial officer directly owned 49,777 shares of the company’s stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total transaction of $779,500.00. Following the completion of the sale, the director owned 62,515 shares in the company, valued at $9,746,088.50. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,108 shares of company stock valued at $1,564,778 in the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors have recently added to or reduced their stakes in the company. Parcion Private Wealth LLC grew its position in TD SYNNEX by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 15,189 shares of the business services provider’s stock worth $2,487,000 after buying an additional 68 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in TD SYNNEX by 1.6% during the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 94 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in TD SYNNEX by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock valued at $2,194,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its holdings in TD SYNNEX by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider’s stock valued at $1,873,000 after purchasing an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in TD SYNNEX by 0.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,437 shares of the business services provider’s stock valued at $2,528,000 after purchasing an additional 100 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

About TD SYNNEX

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.