Insider Selling: TD SYNNEX (NYSE:SNX) Director Sells 5,000 Shares of Stock

Key Points

• TD SYNNEX Director Richard Hume sold 5,000 shares at an average price of $155.90, resulting in a total transaction value of $779,500, and decreased his ownership stake by 7.41%.
• The company recently reported $2.74 EPS, missing analyst forecasts, but showed a revenue increase to $15.65 billion, surpassing expectations.
• TD SYNNEX has declared a quarterly dividend of $0.44 per share, with a dividend yield of 1.1%, to be paid on October 31st.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) Director Richard Hume sold 5,000 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the completion of the sale, the director directly owned 62,515 shares of the company's stock, valued at approximately $9,746,088.50. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TD SYNNEX Price Performance

Shares of NYSE:SNX traded down $1.75 during midday trading on Thursday, reaching $155.06. 697,696 shares of the company's stock were exchanged, compared to its average volume of 978,557. The company's 50 day simple moving average is $152.41 and its two-hundred day simple moving average is $134.16. The firm has a market capitalization of $12.63 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.TD SYNNEX's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Equities research analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. TD SYNNEX's dividend payout ratio (DPR) is 19.09%.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in TD SYNNEX by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 750 shares of the business services provider's stock worth $78,000 after acquiring an additional 108 shares during the last quarter. SG Americas Securities LLC bought a new position in TD SYNNEX during the 1st quarter worth approximately $1,025,000. Fifth Third Bancorp boosted its stake in TD SYNNEX by 48.2% during the 1st quarter. Fifth Third Bancorp now owns 1,476 shares of the business services provider's stock worth $153,000 after acquiring an additional 480 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in TD SYNNEX by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock worth $754,000 after acquiring an additional 244 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in TD SYNNEX by 40.3% during the 1st quarter. Ritholtz Wealth Management now owns 3,535 shares of the business services provider's stock worth $367,000 after acquiring an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. The Goldman Sachs Group increased their target price on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Royal Bank Of Canada increased their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Weiss Ratings restated a "buy (b-)" rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.55.

About TD SYNNEX

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.

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