California State Teachers Retirement System Grows Stock Holdings in TD SYNNEX Corporation $SNX

Key Points

• California State Teachers Retirement System increased its TD SYNNEX stake by 27,034.6% in the second quarter, acquiring 22.8 million additional shares and owning approximately 28.58% of the company, valued at $6.1 billion.
• TD SYNNEX reported strong quarterly results, with EPS of $4.85 versus the $4.14 consensus estimate and revenue of $19.57 billion, up 31% year over year. The company guided for third-quarter EPS of $4.25–$4.75.
• Analysts maintain a positive outlook, with eight Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $295.67. The company also pays a quarterly dividend of $0.48, yielding approximately 0.7%.

California State Teachers Retirement System boosted its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 27,034.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,852,758 shares of the business services provider's stock after buying an additional 22,768,538 shares during the quarter. California State Teachers Retirement System owned approximately 28.58% of TD SYNNEX worth $6,109,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in shares of TD SYNNEX during the 2nd quarter worth about $27,000. Ossiam raised its position in shares of TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX during the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX in the third quarter valued at approximately $30,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on SNX. UBS Group increased their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an "overweight" rating in a research report on Friday, June 26th. The Goldman Sachs Group set a $330.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. Zacks Research downgraded shares of TD SYNNEX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings lowered shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $295.67.

TD SYNNEX Price Performance

SNX stock opened at $258.96 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $20.71 billion, a P/E ratio of 18.54, a PEG ratio of 0.73 and a beta of 1.43. The business has a 50 day simple moving average of $252.14 and a 200-day simple moving average of $228.67. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced 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. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion for the quarter, compared to analysts' expectations of $16.80 billion. During the same period in the previous year, the company posted $2.99 EPS. The company's quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were paid a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. TD SYNNEX's payout ratio is currently 13.74%.

Insider Transactions at TD SYNNEX

In other news, Director Richard Hume sold 5,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Vezina sold 1,273 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. This represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,273 shares of company stock valued at $2,851,852 over the last ninety days. Corporate insiders own 0.70% of the company's stock.

TD SYNNEX Profile

TD SYNNEX Corporation NYSE: SNX is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.

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