TD SYNNEX Corporation $SNX Stake Trimmed by VestGen Advisors LLC

VestGen Advisors LLC trimmed its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 59.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,981 shares of the business services provider’s stock after selling 2,909 shares during the quarter. VestGen Advisors LLC’s holdings in TD SYNNEX were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in shares of TD SYNNEX in the 1st quarter worth approximately $4,435,000. Deutsche Bank AG bought a new position in shares of TD SYNNEX in the second quarter valued at approximately $7,146,000. State of Wyoming purchased a new stake in shares of TD SYNNEX during the second quarter valued at approximately $3,378,000. BlackRock Inc. purchased a new stake in shares of TD SYNNEX during the second quarter valued at approximately $1,958,683,000. Finally, Pacer Advisors Inc. lifted its holdings in TD SYNNEX by 4,021.1% during the first quarter. Pacer Advisors Inc. now owns 366,652 shares of the business services provider’s stock worth $61,858,000 after acquiring an additional 357,755 shares during the period. Institutional investors own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

SNX has been the topic of several research analyst reports. UBS Group boosted their price objective on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Barclays lifted their target price on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 8th. Zacks Research raised shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $331.14.

TD SYNNEX Price Performance

NYSE SNX opened at $236.81 on Monday. The company has a market cap of $18.89 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37. TD SYNNEX Corporation has a 52 week low of $142.22 and a 52 week high of $298.77. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $260.67 and its two-hundred day simple moving average is $225.55.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The firm had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter last year, the company earned $3.58 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Research analysts predict that TD SYNNEX Corporation will post 20.35 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, October 16th. TD SYNNEX’s payout ratio is currently 11.70%.

Insider Buying and Selling

In other news, insider Alim Dhanji sold 3,775 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares of the company’s stock, valued at $2,822,709.12. This trade represents a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Wednesday, August 5th. The shares were 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 owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by insiders.

TD SYNNEX Profile

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.