TD SYNNEX Corporation $SNX Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its holdings in TD SYNNEX Corporation by 4.1% during the first quarter, now owning 528,161 shares valued at approximately $54.9 million.
• The company recently reported an earnings of $2.99 EPS for the quarter, exceeding analyst expectations of $2.71 and showing a year-over-year revenue increase of 7.2%.
• TD SYNNEX has a current dividend yield of 1.2%, with an annualized dividend payout of $1.76 and a payout ratio of 20.56%.

Charles Schwab Investment Management Inc. increased its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,161 shares of the business services provider's stock after purchasing an additional 20,726 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of TD SYNNEX worth $54,908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ruffer LLP boosted its holdings in TD SYNNEX by 16.1% in the first quarter. Ruffer LLP now owns 100,345 shares of the business services provider's stock worth $10,432,000 after acquiring an additional 13,920 shares in the last quarter. Banco Santander S.A. acquired a new stake in TD SYNNEX in the first quarter worth about $381,000. PNC Financial Services Group Inc. boosted its holdings in TD SYNNEX by 16.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,390 shares of the business services provider's stock worth $560,000 after acquiring an additional 763 shares in the last quarter. LSV Asset Management boosted its holdings in TD SYNNEX by 10.3% in the first quarter. LSV Asset Management now owns 1,891,769 shares of the business services provider's stock worth $196,668,000 after acquiring an additional 175,922 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in TD SYNNEX in the first quarter worth about $2,663,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

TD SYNNEX Stock Performance

Shares of SNX stock traded down $0.9460 during mid-day trading on Wednesday, reaching $145.2640. The stock had a trading volume of 369,739 shares, compared to its average volume of 556,874. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.32. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $153.70. The business's fifty day moving average is $140.21 and its 200-day moving average is $128.55. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.71 by $0.28. The firm had revenue of $14.95 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, research analysts forecast 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. Investors of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.

Insider Buying and Selling

In related news, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer directly owned 49,563 shares of the company's stock, valued at $6,212,722.05. This trade represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total value of $122,141.04. Following the sale, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,888 shares of company stock valued at $9,115,025 in the last three months. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNX. Loop Capital raised their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Morgan Stanley set a $155.00 price target on TD SYNNEX and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Bank of America raised their price target on TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 price objective on shares of TD SYNNEX in a report on Wednesday, June 25th. Finally, Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.30.

TD SYNNEX 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.