Martin & Co. Inc. TN Purchases Shares of 31,258 TD SYNNEX Corporation $SNX

Key Points

• Martin & Co. Inc. TN acquired 31,258 TD SYNNEX shares worth approximately $8.36 million, making SNX its 12th-largest holding. Institutional investors collectively own 84% of the company.
• Analysts remain broadly positive, with one Strong Buy, eight Buy and one Hold rating; the average price target is $294.67, above the reported $250.14 share price.
• TD SYNNEX exceeded quarterly expectations, reporting $4.85 EPS and $19.57 billion in revenue, up 31% year over year. The company also maintains a quarterly dividend of $0.48, or a 0.8% annualized yield.

Martin & Co. Inc. TN acquired a new position in TD SYNNEX Corporation (NYSE:SNX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,258 shares of the business services provider's stock, valued at approximately $8,356,000. TD SYNNEX makes up about 1.3% of Martin & Co. Inc. TN's investment portfolio, making the stock its 12th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Farringdon Capital Ltd. purchased a new position in shares of TD SYNNEX during the 2nd quarter valued at approximately $434,000. EP Wealth Advisors LLC purchased a new stake in TD SYNNEX during the second quarter worth $2,686,000. Callan Family Office LLC acquired a new stake in TD SYNNEX during the second quarter valued at $2,330,000. C M Bidwell & Associates Ltd. purchased a new position in TD SYNNEX in the second quarter valued at $82,000. Finally, OneAscent Investment Solutions LLC purchased a new position in TD SYNNEX in the second quarter valued at $257,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNX. UBS Group increased their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a research note on Friday, June 26th. Barrington Research increased their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 26th. Barclays boosted their price objective on TD SYNNEX from $237.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $294.67.

Insider Buying and Selling at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company's stock, valued at $1,492,259.40. This represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the transaction, the director directly owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 16,273 shares of company stock valued at $4,253,752. 0.70% of the stock is owned by corporate insiders.

TD SYNNEX Stock Down 0.3%

SNX opened at $250.14 on Friday. The company has a market cap of $20.00 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. TD SYNNEX Corporation has a twelve month low of $142.22 and a twelve month high of $296.47. The company has a 50-day moving average price of $257.93 and a 200 day moving average price of $219.87. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company 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 firm posted $2.99 EPS. TD SYNNEX's revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Sell-side analysts expect that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX's dividend payout ratio is currently 13.74%.

TD SYNNEX 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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