Wall Street Zen Downgrades TD SYNNEX (NYSE:SNX) to Hold

Key Points

• Wall Street Zen has downgraded TD SYNNEX from a "buy" rating to a "hold" rating, reflecting a shift in investor sentiment.
• Despite the downgrade, analysts maintain a consensus rating of "Moderate Buy" for TD SYNNEX, with an average target price of $169.55.
• TD SYNNEX reported quarterly earnings of $2.74 EPS, missing estimates but showing a 6.6% year-over-year revenue growth with a net margin of 1.27%.

TD SYNNEX (NYSE:SNX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

SNX has been the subject of a number of other research reports. Loop Capital upped their target price on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Raymond James Financial set a $175.00 target price on TD SYNNEX in a report on Thursday, September 25th. Barrington Research upped their target price on TD SYNNEX from $156.00 to $182.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Barclays upped their target price on TD SYNNEX from $140.00 to $164.00 and gave the stock an "equal weight" rating in a report on Friday, September 26th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of TD SYNNEX in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $169.55.

TD SYNNEX Stock Down 1.2%

Shares of NYSE SNX opened at $153.17 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.20 and a beta of 1.43. The stock has a 50 day moving average price of $152.54 and a 200 day moving average price of $134.50. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $167.76.

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

Insiders Place Their Bets

In related news, CFO Marshall Witt sold 861 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $149.84, for a total value of $129,012.24. Following the transaction, the chief financial officer directly owned 49,777 shares of the company's stock, valued at $7,458,585.68. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann F. Vezina sold 812 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $150.42, for a total value of $122,141.04. Following the completion of the transaction, the director directly owned 6,079 shares in the company, valued at approximately $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,930 shares of company stock valued at $1,209,663. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On TD SYNNEX

Hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of TD SYNNEX by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider's stock valued at $3,482,000 after acquiring an additional 7,212 shares during the period. CX Institutional increased its position in shares of TD SYNNEX by 28.9% in the 2nd quarter. CX Institutional now owns 15,434 shares of the business services provider's stock valued at $2,094,000 after acquiring an additional 3,457 shares during the period. Envestnet Asset Management Inc. increased its position in shares of TD SYNNEX by 36.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock valued at $7,878,000 after acquiring an additional 20,280 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in TD SYNNEX by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock valued at $754,000 after purchasing an additional 244 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in TD SYNNEX by 11.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock valued at $765,000 after purchasing an additional 785 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

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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