Analysts Set TD SYNNEX Corporation (NYSE:SNX) Target Price at $151.30

Key Points

• TD SYNNEX Corporation has received an average rating of "Moderate Buy" from ten analysts, with eight giving buy ratings and a 1-year price target of $151.30.
• Bank of America recently increased its target price for TD SYNNEX stock from $156.00 to $170.00 while maintaining a buy rating.
• The company reported $2.99 earnings per share for the last quarter, surpassing estimates by $0.28 and showing a 7.2% year-over-year revenue increase.

Shares of TD SYNNEX Corporation (NYSE:SNX - Get Free Report) have been given an average rating of "Moderate Buy" by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $153.10.

A number of equities research analysts recently weighed in on SNX shares. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $155.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank Of Canada upped their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Wall Street Zen raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Barclays set a $140.00 target price on shares of TD SYNNEX in a research note on Tuesday, June 24th. Finally, Bank of America upped their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 24th.

Insider Activity

In related news, Director Richard T. Hume sold 63,310 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $9,197,568.45. This represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director directly owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,240 shares of company stock valued at $9,054,884 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in shares of TD SYNNEX by 28.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 921,530 shares of the business services provider's stock worth $125,052,000 after acquiring an additional 206,081 shares during the period. Corient Private Wealth LLC increased its position in TD SYNNEX by 74.7% in the 2nd quarter. Corient Private Wealth LLC now owns 82,736 shares of the business services provider's stock valued at $11,227,000 after acquiring an additional 35,382 shares in the last quarter. Captrust Financial Advisors grew its position in shares of TD SYNNEX by 7.6% during the 2nd quarter. Captrust Financial Advisors now owns 8,831 shares of the business services provider's stock worth $1,198,000 after buying an additional 625 shares during the period. Vident Advisory LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $3,344,000. Finally, Redwood Investment Management LLC acquired a new stake in shares of TD SYNNEX during the 2nd quarter worth approximately $1,373,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Down 0.3%

Shares of SNX traded down $0.48 during midday trading on Monday, hitting $150.29. The company had a trading volume of 1,854,686 shares, compared to its average volume of 584,782. The company's 50 day moving average price is $147.05 and its 200 day moving average price is $129.82. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.23 and a beta of 1.35. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $154.44. 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 (NYSE:SNX - Get Free Report) last released its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.28. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the firm earned $2.73 EPS. The company's revenue was up 7.2% on a year-over-year basis. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities research analysts predict that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. TD SYNNEX's dividend payout ratio is 20.56%.

TD SYNNEX Company 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.