TD SYNNEX Corporation $SNX Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC increased its position in TD SYNNEX Corporation (NYSE:SNX) by 81.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,440 shares of the business services provider’s stock after acquiring an additional 2,438 shares during the period. HB Wealth Management LLC’s holdings in TD SYNNEX were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in SNX. Turtle Creek Wealth Advisors LLC increased its holdings in shares of TD SYNNEX by 4.1% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,847 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 72 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of TD SYNNEX during the first quarter worth about $468,000. Root Financial Partners LLC boosted its position in TD SYNNEX by 177.4% in the first quarter. Root Financial Partners LLC now owns 821 shares of the business services provider’s stock valued at $139,000 after buying an additional 525 shares during the last quarter. Essex Financial Services Inc. increased its holdings in TD SYNNEX by 2.9% in the 1st quarter. Essex Financial Services Inc. now owns 1,957 shares of the business services provider’s stock worth $330,000 after buying an additional 56 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new position in TD SYNNEX during the 1st quarter worth approximately $1,009,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. This represents a 21.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $4,933,700. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNX has been the subject of several research reports. Barclays lifted their price objective on shares of TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. Morgan Stanley boosted their target price on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. Finally, Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Stock Up 4.3%

SNX opened at $245.77 on Thursday. The company has a fifty day moving average of $254.82 and a two-hundred day moving average of $197.95. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.66 and a beta of 1.43. TD SYNNEX Corporation has a fifty-two week low of $139.23 and a fifty-two week high of $296.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, research analysts expect that TD SYNNEX Corporation will post 18.02 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.