TD SYNNEX (NYSE:SNX) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• TD SYNNEX shares fell below their 200-day moving average, trading as low as $221.92 versus the $225.88 average, and were down 6.1%.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $331.14; UBS and Morgan Stanley recently raised their targets.
• The company reported strong quarterly results, including $5.68 in EPS versus the $4.70 estimate and 37.7% year-over-year revenue growth, while maintaining a $0.48 quarterly dividend.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $225.88 and traded as low as $221.92. TD SYNNEX shares last traded at $222.1820, with a volume of 1,077,931 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of TD SYNNEX from $352.00 to $379.00 and gave the stock a "buy" rating in a research note on Friday, September 25th. Zacks Research upgraded shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 29th. Weiss Ratings cut shares of TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Morgan Stanley lifted their target price 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. Finally, Barclays upped their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $331.14.

TD SYNNEX Stock Down 6.1%

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 0.51 and a beta of 1.37. The firm has a 50 day simple moving average of $260.11 and a two-hundred day simple moving average of $225.88.

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

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.9%. TD SYNNEX's dividend payout ratio (DPR) is presently 11.70%.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of the company's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total value of $909,812.75. Following the completion of the sale, the insider owned 11,712 shares of the company's stock, valued at approximately $2,822,709.12. This represents a 24.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in shares of TD SYNNEX in the 2nd quarter valued at $27,000. Fiduciary Financial Advisors bought a new position in TD SYNNEX during the second quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in TD SYNNEX by 116.7% during the third quarter. SBI Securities Co. Ltd. now owns 117 shares of the business services provider's stock worth $30,000 after acquiring an additional 63 shares in the last quarter. Essential Partners LLC lifted its holdings in TD SYNNEX by 644.4% during the first quarter. Essential Partners LLC now owns 201 shares of the business services provider's stock worth $34,000 after acquiring an additional 174 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in TD SYNNEX in the second quarter valued at about $38,000. Institutional investors and hedge funds own 84.00% 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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