Hsbc Holdings PLC Sells 1,732 Shares of TD SYNNEX Corporation $SNX

Key Points

• Hsbc Holdings PLC has decreased its stake in TD SYNNEX Corporation by 28.1%, now owning 4,438 shares valued at approximately $461,000.
• Other institutional investors, such as Mitsubishi UFJ Asset Management, have increased their stakes in TD SYNNEX, with holdings rising by as much as 329.8% in the latest quarter.
• TD SYNNEX reported a net margin of 1.21% and a 7.2% year-over-year revenue growth, with quarterly earnings surpassing estimates at $2.99 EPS.

Hsbc Holdings PLC trimmed its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 28.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,438 shares of the business services provider's stock after selling 1,732 shares during the period. Hsbc Holdings PLC's holdings in TD SYNNEX were worth $461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Brave Warrior Advisors LLC boosted its position in shares of TD SYNNEX by 12.2% in the 4th quarter. Brave Warrior Advisors LLC now owns 4,147,172 shares of the business services provider's stock worth $486,380,000 after purchasing an additional 451,557 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TD SYNNEX by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider's stock worth $405,441,000 after purchasing an additional 564,473 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of TD SYNNEX by 8.5% in the 1st quarter. Ninety One UK Ltd now owns 2,565,191 shares of the business services provider's stock worth $266,677,000 after purchasing an additional 200,628 shares during the last quarter. LSV Asset Management boosted its position in shares of TD SYNNEX by 10.3% in the 1st quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider's stock worth $196,668,000 after purchasing an additional 175,922 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of TD SYNNEX by 343.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,210,036 shares of the business services provider's stock worth $141,913,000 after purchasing an additional 937,040 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total value of $189,153.15. Following the sale, the chief financial officer owned 49,563 shares of the company's stock, valued at approximately $6,212,722.05. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alim Dhanji sold 1,257 shares of TD SYNNEX stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the sale, the insider directly owned 10,984 shares in the company, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,888 shares of company stock worth $9,115,025 in the last three months. Insiders own 1.00% of the company's stock.

TD SYNNEX Stock Up 0.7%

Shares of SNX traded up $1.09 during midday trading on Thursday, hitting $149.08. The stock had a trading volume of 625,711 shares, compared to its average volume of 779,380. The company has a 50 day simple moving average of $144.31 and a two-hundred day simple moving average of $128.95. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $153.70. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75.

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

TD SYNNEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.44 dividend. 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 Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Barclays set a $140.00 price target on TD SYNNEX in a research report on Tuesday, June 24th. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Loop Capital raised their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.30.

TD SYNNEX Company Profile

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.