TD SYNNEX (NYSE:SNX) Stock Rating Lowered by Wall Street Zen

TD SYNNEX (NYSE:SNX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also issued reports on the stock. Loop Capital lifted their price target on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, June 30th. Barrington Research boosted their target price on shares of TD SYNNEX from $156.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. The Goldman Sachs Group boosted their target price on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on shares of TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

TD SYNNEX Trading Down 1.2%

Shares of TD SYNNEX stock opened at $153.17 on Friday. The firm 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 current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $152.54 and its 200 day moving average is $134.93. TD SYNNEX has a 1 year low of $92.23 and a 1 year high of $167.76.

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

Insider Activity at TD SYNNEX

In related news, insider Alim Dhanji sold 1,257 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total transaction of $179,009.37. Following the transaction, the insider owned 10,984 shares in the company, valued at $1,564,231.44. The trade was a 10.27% decrease in their position. 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 the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the transaction, the director owned 62,515 shares in the company, valued at $9,746,088.50. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,930 shares of company stock worth $1,209,663 over the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC raised its holdings in TD SYNNEX by 27.4% during the first quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider’s stock worth $3,482,000 after buying an additional 7,212 shares during the last quarter. CX Institutional grew its stake in shares of TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider’s stock worth $2,094,000 after acquiring an additional 3,457 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of TD SYNNEX by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider’s stock worth $7,878,000 after acquiring an additional 20,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of TD SYNNEX by 3.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider’s stock worth $754,000 after acquiring an additional 244 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of TD SYNNEX by 11.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider’s stock worth $765,000 after acquiring an additional 785 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.