TD SYNNEX Corporation $SNX Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its TD SYNNEX stake by 5.8% in the second quarter, bringing its holdings to 224,279 shares valued at approximately $60 million. Institutional investors collectively own 84% of the company.
• TD SYNNEX reported quarterly earnings of $4.85 per share, beating estimates of $4.14, while revenue rose 31% year over year to $19.57 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $294.67.
• Shares opened at $252.76, near their 50-day average, while insiders sold 11,273 shares worth $2.85 million during the quarter. The company also paid a quarterly dividend of $0.48 per share, representing a 0.8% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,279 shares of the business services provider's stock after purchasing an additional 12,322 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of TD SYNNEX worth $59,959,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in TD SYNNEX by 711.6% during the second quarter. Hsbc Holdings PLC now owns 55,855 shares of the business services provider's stock valued at $14,981,000 after purchasing an additional 48,973 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in TD SYNNEX in the 2nd quarter valued at approximately $10,907,000. Empowered Funds LLC purchased a new stake in TD SYNNEX in the 2nd quarter worth approximately $29,589,000. United Capital Financial Advisors LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter valued at $465,000. Finally, FSA Advisors Inc. acquired a new stake in shares of TD SYNNEX during the 2nd quarter valued at $369,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director owned 18,537 shares of the company's stock, valued at $4,503,934.89. This trade represents a 21.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,273 shares of company stock worth $2,851,852 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 2nd. Barrington Research boosted their target price on TD SYNNEX from $202.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised TD SYNNEX from a "neutral" rating to an "overweight" rating and set a $298.00 price target for the company in a research note on Wednesday, May 27th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Finally, Morgan Stanley boosted their price target on TD SYNNEX from $341.00 to $374.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus price target of $294.67.

TD SYNNEX Trading Up 0.5%

Shares of SNX stock opened at $252.76 on Thursday. TD SYNNEX Corporation has a 12 month low of $142.22 and a 12 month high of $296.47. The company has a market cap of $20.21 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $252.86 and its two-hundred day moving average is $225.14.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $16.80 billion. During the same period in the previous year, the company earned $2.99 earnings per share. TD SYNNEX's revenue for the quarter was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current year.

TD SYNNEX Announces Dividend

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

About TD SYNNEX

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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