Tidal Investments LLC Decreases Stock Position in TD SYNNEX Corporation $SNX

Tidal Investments LLC reduced its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 9.7% during the second quarter, HoldingsChannel reports. The firm owned 127,154 shares of the business services provider’s stock after selling 13,643 shares during the quarter. Tidal Investments LLC’s holdings in TD SYNNEX were worth $33,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SNX. California State Teachers Retirement System increased its stake in TD SYNNEX by 27,034.6% during the 2nd quarter. California State Teachers Retirement System now owns 22,852,758 shares of the business services provider’s stock worth $6,109,456,000 after buying an additional 22,768,538 shares during the period. BlackRock Inc. purchased a new position in TD SYNNEX in the 2nd quarter valued at about $1,958,683,000. Norges Bank acquired a new stake in shares of TD SYNNEX during the fourth quarter valued at about $148,559,000. Alyeska Investment Group L.P. purchased a new stake in shares of TD SYNNEX during the third quarter worth about $135,631,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of TD SYNNEX in the second quarter worth about $149,728,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SNX shares. Barclays raised their price objective on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. UBS Group lifted their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Zacks Research downgraded shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective for the company in a report on Wednesday, May 27th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $295.67.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $258.96 on Thursday. 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 company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The business has a 50 day simple moving average of $252.14 and a 200-day simple moving average of $228.67.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts expect 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. Stockholders of record on Friday, July 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. TD SYNNEX’s payout ratio is 13.74%.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares in the company, valued at $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. 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 the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the transaction, the director directly owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 11,273 shares of company stock valued at $2,851,852. Insiders own 0.70% of the company’s stock.

TD SYNNEX 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.