TD SYNNEX Corporation (NYSE:SNX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• TD SYNNEX Corporation (NYSE:SNX) has received an average recommendation of "Moderate Buy" from ten research firms, with eight analysts rating it as a buy and two as a hold.
• The company reported $2.99 EPS for the last quarter, surpassing analysts' expectations of $2.71, with a revenue of $14.95 billion, which was also above consensus estimates.
• TD SYNNEX recently declared a quarterly dividend of $0.44 per share, representing an annualized yield of 1.2%, with a dividend payout ratio of 20.56%.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $149.30.

Several analysts have issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective on shares of TD SYNNEX in a research note on Wednesday, June 25th. JPMorgan Chase & Co. upped their price objective on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday, July 11th. Loop Capital increased their price target on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Bank of America increased their price target on TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $145.2640 on Thursday. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $153.70. The business has a 50-day moving average of $140.21 and a 200-day moving average of $128.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.19 and a beta of 1.32.

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

TD SYNNEX Announces Dividend

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

Insider Buying and Selling

In related news, Director Richard T. Hume sold 63,310 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $136.23, for a total value of $8,624,721.30. Following the sale, the director directly owned 67,515 shares in the company, valued at $9,197,568.45. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alim Dhanji sold 1,257 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $142.41, for a total value of $179,009.37. Following the completion of the sale, the insider owned 10,984 shares in the company, valued at approximately $1,564,231.44. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,888 shares of company stock valued at $9,115,025 over the last quarter. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in TD SYNNEX by 329.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Versant Capital Management Inc boosted its stake in TD SYNNEX by 115.1% during the 1st quarter. Versant Capital Management Inc now owns 342 shares of the business services provider's stock valued at $36,000 after purchasing an additional 183 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in TD SYNNEX during the 2nd quarter valued at $55,000. Cullen Frost Bankers Inc. bought a new position in TD SYNNEX during the 1st quarter valued at $44,000. Finally, MAI Capital Management boosted its stake in TD SYNNEX by 90.2% during the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider's stock valued at $58,000 after purchasing an additional 203 shares in the last quarter. 84.00% of the stock is owned by institutional investors.

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.

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