State of Wyoming Has $282,000 Stock Position in TD SYNNEX Corporation $SNX

Key Points

• The State of Wyoming increased its stake in TD SYNNEX Corporation by 357.1% in the first quarter, holding a total of 2,715 shares valued at $282,000.
• In recent trading, TD SYNNEX's shares opened at $146.52, with a 12-month high of $153.70 and a market cap of $12.08 billion.
• Company insiders sold a total of 66,888 shares valued at approximately $9.12 million in the last 90 days, indicating significant insider trading activity.

State of Wyoming boosted its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 357.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,715 shares of the business services provider's stock after acquiring an additional 2,121 shares during the period. State of Wyoming's holdings in TD SYNNEX were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SNX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of TD SYNNEX by 115.1% in the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock worth $36,000 after acquiring an additional 183 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of TD SYNNEX in the 1st quarter worth about $44,000. SVB Wealth LLC acquired a new stake in shares of TD SYNNEX in the 1st quarter worth about $72,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of TD SYNNEX by 19.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider's stock worth $76,000 after acquiring an additional 116 shares during the period. Institutional investors own 84.00% of the company's stock.

TD SYNNEX Stock Up 0.1%

Shares of TD SYNNEX stock traded up $0.19 on Friday, hitting $149.39. 776,849 shares of the company traded hands, compared to its average volume of 498,531. The company has a 50-day moving average price of $144.84 and a 200 day moving average price of $129.02. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $153.70. The company has a market cap of $12.32 billion, a PE ratio of 17.45, a PEG ratio of 1.22 and a beta of 1.35.

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

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders 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 was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised TD SYNNEX from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Barrington Research reaffirmed an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a report on Friday, July 11th. Barclays set a $140.00 price target on TD SYNNEX in a report on Tuesday, June 24th. Bank of America lifted their price target on TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus price target of $151.30.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 63,310 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the completion of the sale, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marshall Witt sold 1,509 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last three months, insiders have sold 66,888 shares of company stock worth $9,115,025. 1.00% of the stock is currently owned by company insiders.

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.