55,855 Shares in TD SYNNEX Corporation $SNX Acquired by Hsbc Holdings PLC

Key Points

• HSBC Holdings acquired 55,855 shares of TD SYNNEX worth approximately $14.98 million, representing a 0.07% stake. Institutional investors and hedge funds collectively own 84% of the company.
• TD SYNNEX exceeded quarterly expectations, reporting $4.85 in EPS versus the $4.14 consensus and $19.57 billion in revenue, up 31% year over year. The company issued third-quarter fiscal 2026 EPS guidance of $4.25–$4.75.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $294.67, while the company pays a quarterly dividend of $0.48 per share, yielding approximately 0.7%.

Hsbc Holdings PLC purchased a new stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 55,855 shares of the business services provider's stock, valued at approximately $14,981,000. Hsbc Holdings PLC owned 0.07% of TD SYNNEX as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ossiam lifted its holdings in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after purchasing an additional 75 shares during the period. Bell Investment Advisors Inc acquired a new stake in shares of TD SYNNEX during the second quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new stake in TD SYNNEX during the 4th quarter worth about $28,000. Fiduciary Financial Advisors purchased a new stake in shares of TD SYNNEX in the 2nd quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX in the third quarter valued at $30,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

NYSE:SNX opened at $259.99 on Friday. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $255.47 and a 200 day moving average price of $222.76. The firm has a market capitalization of $20.79 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share 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 business's revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a dividend of $0.48 per share. The ex-dividend date was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. TD SYNNEX's dividend payout ratio (DPR) is 13.74%.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of research analyst reports. Barclays increased their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upgraded TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price objective on the stock in a report on Wednesday, May 27th. Barrington Research increased their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th. Finally, Zacks Research cut TD SYNNEX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $294.67.

Insider Activity

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,273 shares of company stock valued at $4,253,752 over the last three months. 0.70% of the stock is currently owned by insiders.

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.

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