Activest Wealth Management Has $878,000 Holdings in TD SYNNEX Corporation $SNX

Key Points

• Activest Wealth Management reduced its stake in TD SYNNEX by 32.1%, selling 4,000 shares and now holding a total of 8,448 shares valued at $878,000.
• TD SYNNEX reported $2.99 earnings per share for the last quarter, exceeding the consensus estimate of $2.71, and achieved a revenue of $14.95 billion, surpassing expectations of $14.30 billion.
• The company's quarterly dividend was recently increased to $0.44 per share, yielding approximately 1.2%, with a dividend payout ratio of 20.56%.

Activest Wealth Management lowered its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,448 shares of the business services provider's stock after selling 4,000 shares during the quarter. Activest Wealth Management's holdings in TD SYNNEX were worth $878,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Versant Capital Management Inc lifted its holdings in TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after purchasing an additional 183 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in TD SYNNEX in the 1st quarter worth approximately $44,000. State of Wyoming boosted its holdings in TD SYNNEX by 51.9% in the 4th quarter. State of Wyoming now owns 594 shares of the business services provider's stock valued at $70,000 after purchasing an additional 203 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of TD SYNNEX during the first quarter valued at about $72,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, insider Alim Dhanji sold 1,257 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the completion of the transaction, the insider owned 10,984 shares of the company's stock, valued at approximately $1,564,231.44. This trade represents a 10.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann F. Vezina sold 812 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the sale, the director directly 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 disclosure for this sale can be found here. Insiders have sold 66,888 shares of company stock worth $9,115,025 over the last ninety days. Company insiders own 1.00% of the company's stock.

TD SYNNEX Price Performance

SNX stock traded down $1.55 during mid-day trading on Tuesday, hitting $146.52. The company had a trading volume of 299,920 shares, compared to its average volume of 783,083. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.21 and a beta of 1.35. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $153.70. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $143.91 and a 200 day moving average price of $128.70.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The company had revenue of $14.95 billion during the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.TD SYNNEX's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.73 EPS. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, research analysts anticipate that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. TD SYNNEX's payout ratio is currently 20.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNX. Bank of America raised their target price on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reaffirmed an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a research report on Friday, July 11th. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Loop Capital raised their target price on TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.30.

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.