Nordea Investment Management AB Has $76.38 Million Stock Holdings in TD SYNNEX Corporation $SNX

Key Points

• Nordea Investment Management AB trimmed its position in TD SYNNEX by 20.9% in Q4, selling 132,909 shares and leaving 504,133 shares worth $76.38 million (about 0.62% of the company).
• Q4 results beat estimates — EPS $3.83 vs $3.68 and revenue $17.38B vs $15.46B — and TD SYNNEX set Q1 2026 EPS guidance of 3.00–3.50 while analysts project roughly 11.88 EPS for the year.
• Dividend increase and insider sales: the company raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield) while insiders sold about 80,915 shares (~$13.1M) in the past three months.

Nordea Investment Management AB trimmed its position in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 504,133 shares of the business services provider's stock after selling 132,909 shares during the quarter. Nordea Investment Management AB owned approximately 0.62% of TD SYNNEX worth $76,381,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in TD SYNNEX by 10.1% during the second quarter. Vanguard Group Inc. now owns 8,248,639 shares of the business services provider's stock worth $1,119,340,000 after buying an additional 759,022 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TD SYNNEX by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 4,230,059 shares of the business services provider's stock valued at $574,019,000 after buying an additional 330,085 shares during the last quarter. State Street Corp lifted its position in shares of TD SYNNEX by 0.4% in the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider's stock valued at $388,535,000 after buying an additional 9,024 shares during the last quarter. Metropolis Capital Ltd boosted its stake in shares of TD SYNNEX by 44.8% during the 3rd quarter. Metropolis Capital Ltd now owns 1,228,603 shares of the business services provider's stock worth $201,184,000 after acquiring an additional 379,904 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of TD SYNNEX by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider's stock worth $162,568,000 after acquiring an additional 71,249 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of NYSE:SNX opened at $156.25 on Tuesday. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $175.56. The company's 50 day moving average price is $157.78 and its two-hundred day moving average price is $154.81. The firm has a market cap of $12.60 billion, a PE ratio of 15.67, a PEG ratio of 1.10 and a beta of 1.37. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts' consensus estimates of $3.68 by $0.15. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 16th. This is a positive change from TD SYNNEX's previous quarterly dividend of $0.44. TD SYNNEX's dividend payout ratio is currently 19.26%.

Insider Activity

In related news, CEO Patrick Zammit sold 13,900 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer owned 170,928 shares of the company's stock, valued at $29,326,116.96. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Hume sold 23,365 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the transaction, the director owned 42,515 shares of the company's stock, valued at $6,829,184.45. The trade was a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 80,915 shares of company stock worth $13,111,786. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNX. Weiss Ratings restated a "buy (b-)" rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Morgan Stanley lifted their price objective on shares of TD SYNNEX from $172.00 to $174.00 and gave the stock an "overweight" rating in a research report on Friday. Barrington Research reiterated an "outperform" rating and issued a $182.00 price objective on shares of TD SYNNEX in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They issued a "buy" rating and a $180.00 price objective on the stock. Finally, Wall Street Zen raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus price target of $170.82.

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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