TD SYNNEX Corporation $SNX Stock Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its TD SYNNEX stake by 5,982.7% in the third quarter, ending with 50,000 shares valued at approximately $12.8 million. Institutional investors collectively own 84% of the company.
• Analysts remain broadly positive, with TD SYNNEX holding a consensus “Buy” rating and an average price target of $331.14; UBS and Morgan Stanley recently raised their targets to $379 and $359, respectively.
• TD SYNNEX reported quarterly earnings of $5.68 per share, beating estimates of $4.70, while revenue rose 37.7% year over year to $21.56 billion. The company also paid a quarterly dividend of $0.48 per share, yielding about 0.8% annually.

International Assets Investment Management LLC grew its holdings in TD SYNNEX Corporation (NYSE:SNX - Free Report) by 5,982.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the business services provider's stock after acquiring an additional 49,178 shares during the quarter. International Assets Investment Management LLC owned 0.06% of TD SYNNEX worth $12,843,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SNX. Bell Investment Advisors Inc bought a new position in shares of TD SYNNEX during the 2nd quarter valued at about $27,000. Fiduciary Financial Advisors bought a new stake in TD SYNNEX during the 2nd quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its stake in TD SYNNEX by 116.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider's stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Essential Partners LLC raised its holdings in TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider's stock worth $34,000 after buying an additional 174 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in TD SYNNEX during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Analysts Set New Price Targets

SNX has been the topic of a number of research reports. Weiss Ratings lowered shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. UBS Group increased their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a "buy" rating in a research report on Friday, September 25th. Morgan Stanley raised their price objective on shares of TD SYNNEX from $334.00 to $359.00 and gave the stock an "overweight" rating in a report on Friday, September 25th. Barclays boosted their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 8th. Finally, Zacks Research raised shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX currently has a consensus rating of "Buy" and an average target price of $331.14.

TD SYNNEX Stock Down 7.2%

NYSE:SNX opened at $236.81 on Friday. The stock has a 50-day simple moving average of $260.67 and a 200 day simple moving average of $225.55. TD SYNNEX Corporation has a 52-week low of $142.22 and a 52-week high of $298.77. The company has a market cap of $18.89 billion, a PE ratio of 14.43, a PEG ratio of 0.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.19.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The firm had revenue of $21.56 billion for the quarter, compared to analysts' expectations of $18.91 billion. During the same quarter in the previous year, the business posted $3.58 EPS. The business's quarterly revenue was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, sell-side analysts expect that TD SYNNEX Corporation will post 20.35 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 16th. TD SYNNEX's payout ratio is currently 11.70%.

Insiders Place Their Bets

In related news, Director Richard Hume sold 5,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the transaction, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alim Dhanji sold 3,775 shares of the firm's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the transaction, the insider directly owned 11,712 shares of the company's stock, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company's stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation NYSE: SNX is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.

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