3,288 Shares in TD SYNNEX Corporation $SNX Bought by Arista Wealth Management LLC

Key Points

• Arista Wealth Management LLC purchased 3,288 shares of TD SYNNEX Corporation, valued at approximately $446,000, marking a significant investment during the second quarter.
• TD SYNNEX reported earnings of $2.74 per share, falling short of expectations, while its revenue reached $15.65 billion, exceeding consensus forecasts.
• The company announced a quarterly dividend of $0.44 per share, with a payment date set for October 31st, representing an annualized yield of 1.1%.

Arista Wealth Management LLC bought a new position in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,288 shares of the business services provider's stock, valued at approximately $446,000.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after buying an additional 188 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in TD SYNNEX during the first quarter worth $44,000. Quarry LP acquired a new position in TD SYNNEX during the first quarter worth $51,000. SVB Wealth LLC acquired a new position in TD SYNNEX during the first quarter worth $72,000. Finally, Blue Trust Inc. increased its holdings in TD SYNNEX by 23.7% during the second quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock worth $74,000 after buying an additional 104 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Trading Down 1.2%

Shares of TD SYNNEX stock opened at $153.17 on Friday. The firm has a 50-day moving average of $152.54 and a 200-day moving average of $134.50. The stock has a market cap of $12.47 billion, a PE ratio of 16.61, a PEG ratio of 1.20 and a beta of 1.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $167.76. 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 - Get Free Report) last announced its earnings results on Thursday, September 25th. The business services provider reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). The business had revenue of $15.65 billion during 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 was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, sell-side analysts forecast that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX's dividend payout ratio is currently 19.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of TD SYNNEX from $154.00 to $187.00 and gave the company a "buy" rating in a report on Monday, September 29th. Barrington Research upped their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Morgan Stanley upped their price objective on shares of TD SYNNEX from $173.00 to $181.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Barclays upped their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an "equal weight" rating in a report on Friday, September 26th. Finally, Zacks Research upgraded shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $169.55.

Insider Activity

In related news, Director Ann F. Vezina sold 812 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director owned 6,079 shares of the company's stock, valued at $914,403.18. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the company's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $155.90, for a total transaction of $779,500.00. Following the sale, the director directly owned 62,515 shares of the company's stock, valued at $9,746,088.50. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,930 shares of company stock worth $1,209,663. 1.00% of the stock is owned by company insiders.

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.

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