S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:SNX

TD SYNNEX - SNX Stock Forecast, Price & News

$101.96
-0.15 (-0.15%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$100.81
$102.68
50-Day Range
$90.14
$107.03
52-Week Range
$88.21
$130.93
Volume
209,100 shs
Average Volume
335,743 shs
Market Capitalization
$9.77 billion
P/E Ratio
17.08
Dividend Yield
1.18%
Price Target
$138.75

TD SYNNEX MarketRank™ Forecast

Analyst Rating
Buy
3.13 Rating Score
Upside/​Downside
36.1% Upside
$138.75 Price Target
Short Interest
Healthy
3.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.30
Upright™ Environmental Score
News Sentiment
-0.20mentions of TD SYNNEX in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.65 M Sold Last Quarter
Proj. Earnings Growth
10.79%
From $11.31 to $12.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Computer And Technology Sector

37th out of 832 stocks

Computers, Peripherals, & Software Industry

2nd out of 6 stocks

SNX stock logo

About TD SYNNEX (NYSE:SNX) Stock

TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer electronics, information technology (IT) systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, the company offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves resellers, system integrators, and retailers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Analysts Set New Price Targets

Several equities analysts have weighed in on SNX shares. Stifel Nicolaus upgraded TD SYNNEX from a "hold" rating to a "buy" rating and set a $125.00 target price on the stock in a report on Thursday, April 14th. Citigroup lowered their target price on shares of TD SYNNEX from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, June 29th. TheStreet lowered TD SYNNEX from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Barrington Research dropped their price objective on shares of TD SYNNEX from $128.00 to $106.00 and set an "outperform" rating on the stock in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. initiated coverage on TD SYNNEX in a report on Thursday, July 14th. They set an "overweight" rating and a $119.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $138.75.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock traded down $0.15 on Friday, reaching $101.96. 209,169 shares of the stock were exchanged, compared to its average volume of 256,816. TD SYNNEX has a one year low of $88.21 and a one year high of $130.93. The firm's 50 day moving average is $96.61 and its 200-day moving average is $100.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.69 and a current ratio of 1.26. The firm has a market cap of $9.77 billion, a PE ratio of 17.08, a P/E/G ratio of 0.96 and a beta of 1.58.

TD SYNNEX (NYSE:SNX - Get Rating) last announced its earnings results on Tuesday, June 28th. The business services provider reported $2.66 EPS for the quarter, beating the consensus estimate of $2.52 by $0.14. The company had revenue of $15.27 billion for the quarter, compared to analyst estimates of $15.25 billion. TD SYNNEX had a return on equity of 13.95% and a net margin of 0.96%. The firm's revenue for the quarter was up 160.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 EPS. As a group, analysts anticipate that TD SYNNEX will post 11.31 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. TD SYNNEX's dividend payout ratio is currently 20.10%.

Insider Transactions at TD SYNNEX

In related news, insider Dennis Polk sold 1,300 shares of the business's stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $101.81, for a total transaction of $132,353.00. Following the transaction, the insider now owns 151,153 shares in the company, valued at approximately $15,388,886.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TD SYNNEX news, CFO Marshall Witt sold 909 shares of the business's stock in a transaction on Monday, May 16th. The shares were sold at an average price of $98.75, for a total transaction of $89,763.75. Following the completion of the sale, the chief financial officer now directly owns 45,887 shares in the company, valued at approximately $4,531,341.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dennis Polk sold 1,300 shares of the company's stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $101.81, for a total value of $132,353.00. Following the completion of the sale, the insider now owns 151,153 shares of the company's stock, valued at $15,388,886.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,394 shares of company stock worth $2,646,825. Company insiders own 1.60% of the company's stock.

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SNX Stock News Headlines

TD SYNNEX Co. (NYSE:SNX) Insider Sells $800,720.00 in Stock
TD SYNNEX Co. (NYSE:SNX) CFO Marshall Witt Sells 909 Shares
TD SYNNEX (NYSE:SNX) Releases FY 2022 Earnings Guidance
TD SYNNEX Announces Results of Senior Notes Exchange
TD SYNNEX (NYSE:SNX) Reaches New 1-Year Low at $88.54
TD SYNNEX Q2 Results Top Estimates; Reaffirms FY22 Adj. EPS Outlook
Synnex (SNX) Surpasses Q2 Earnings Estimates
TD SYNNEX Reports Fiscal 2022 Second Quarter Results
See More Headlines
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SNX Company Calendar

Last Earnings
6/28/2022
Ex-Dividend for 7/29 Dividend
7/14/2022
Dividend Payable
7/29/2022
Today
8/08/2022
Next Earnings (Estimated)
9/27/2022
Fiscal Year End
11/30/2022

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
CUSIP
87162W10
Employees
27,000
Year Founded
1980

Price Target and Rating

Average Stock Price Forecast
$138.75
High Stock Price Forecast
$175.00
Low Stock Price Forecast
$106.00
Forecasted Upside/Downside
+36.1%
Consensus Rating
Buy
Rating Score (0-4)
3.13
Research Coverage
8 Analysts

Profitability

Net Income
$395.07 million
Pretax Margin
1.16%

Debt

Sales & Book Value

Annual Sales
$31.61 billion
Cash Flow
$7.51 per share
Book Value
$82.35 per share

Miscellaneous

Free Float
94,314,000
Market Cap
$9.77 billion
Optionable
Optionable
Beta
1.58

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SNX Stock - Frequently Asked Questions

Should I buy or sell TD SYNNEX stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TD SYNNEX in the last twelve months. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TD SYNNEX stock.
View analyst ratings for TD SYNNEX
or view top-rated stocks.

What is TD SYNNEX's stock price forecast for 2022?

8 Wall Street analysts have issued twelve-month price objectives for TD SYNNEX's stock. Their SNX stock forecasts range from $106.00 to $175.00. On average, they predict TD SYNNEX's share price to reach $138.75 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price.
View analysts' price targets for TD SYNNEX
or view top-rated stocks among Wall Street analysts.

How has TD SYNNEX's stock performed in 2022?

TD SYNNEX's stock was trading at $114.36 at the beginning of the year. Since then, SNX shares have decreased by 10.8% and is now trading at $101.96.
View the best growth stocks for 2022 here
.

Are investors shorting TD SYNNEX?

TD SYNNEX saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,340,000 shares, a decrease of 17.3% from the June 30th total of 1,620,000 shares. Based on an average daily volume of 331,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 3.1% of the shares of the stock are sold short.
View TD SYNNEX's Short Interest
.

When is TD SYNNEX's next earnings date?

TD SYNNEX is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
View our earnings forecast for TD SYNNEX
.

How were TD SYNNEX's earnings last quarter?

TD SYNNEX Co. (NYSE:SNX) released its quarterly earnings data on Tuesday, June, 28th. The business services provider reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.14. The business services provider earned $15.27 billion during the quarter, compared to the consensus estimate of $15.25 billion. TD SYNNEX had a net margin of 0.96% and a trailing twelve-month return on equity of 13.95%. TD SYNNEX's revenue was up 160.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS.

How often does TD SYNNEX pay dividends? What is the dividend yield for TD SYNNEX?

TD SYNNEX announced a quarterly dividend on Tuesday, June 28th. Investors of record on Friday, July 15th will be given a dividend of $0.30 per share on Friday, July 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, July 14th.
View TD SYNNEX's dividend history
.

Is TD SYNNEX a good dividend stock?

TD SYNNEX(NYSE:SNX) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.18%. TD SYNNEX does not yet have a strong track record of dividend growth. The dividend payout ratio of TD SYNNEX is 20.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD SYNNEX will have a dividend payout ratio of 9.58% next year. This indicates that TD SYNNEX will be able to sustain or increase its dividend.
View TD SYNNEX's dividend history.

What guidance has TD SYNNEX issued on next quarter's earnings?

TD SYNNEX updated its third quarter 2022 earnings guidance on Tuesday, July, 26th. The company provided earnings per share (EPS) guidance of $2.50-$2.90 for the period, compared to the consensus EPS estimate of $2.66. The company issued revenue guidance of $14.50 billion-$15.50 billion, compared to the consensus revenue estimate of $15.40 billion.

What is Dennis Polk's approval rating as TD SYNNEX's CEO?

49 employees have rated TD SYNNEX CEO Dennis Polk on Glassdoor.com. Dennis Polk has an approval rating of 94% among TD SYNNEX's employees. This puts Dennis Polk in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TD SYNNEX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TD SYNNEX investors own include NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), QUALCOMM (QCOM), Salesforce (CRM), UnitedHealth Group (UNH), AbbVie (ABBV) and Broadcom (AVGO).

What is TD SYNNEX's stock symbol?

TD SYNNEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNX."

Who are TD SYNNEX's major shareholders?

TD SYNNEX's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (1.44%), Loomis Sayles & Co. L P (0.38%), Frontier Capital Management Co. LLC (0.31%), Victory Capital Management Inc. (0.27%), Paradigm Capital Management Inc. NY (0.24%) and Russell Investments Group Ltd. (0.19%). Company insiders that own TD SYNNEX stock include Andrea M Zulberti, Ann F Vezina, Dennis Polk, Dwight Steffensen, Fred A Breidenbach, Hau L Lee, Kevin M Murai, Kevin M Murai, Marshall Witt, Matthew Miau, Michael Urban, Peter Larocque, Richard T Hume, Rong Zhou, Simon Leung, Star Developments Ltd Silver and Thomas S Wurster.
View institutional ownership trends for TD SYNNEX
.

How do I buy shares of TD SYNNEX?

Shares of SNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TD SYNNEX's stock price today?

One share of SNX stock can currently be purchased for approximately $101.96.

How much money does TD SYNNEX make?

TD SYNNEX (NYSE:SNX) has a market capitalization of $9.77 billion and generates $31.61 billion in revenue each year. The business services provider earns $395.07 million in net income (profit) each year or $5.97 on an earnings per share basis.

How many employees does TD SYNNEX have?

TD SYNNEX employs 27,000 workers across the globe.

Does TD SYNNEX have any subsidiaries?

The following companies are subsidiares of TD SYNNEX: 2117974 Ontario Inc., AVT Technology Solutions Holdings LLC, AVT Technology Solutions LLC, Advanced Technology Trading Company Ltd., Afina Peru S.A.C., Afina S.R.L., Afina Sistemas Informaticos Limitada, Afina Sistemas Informaticos S.L., Afina Sistemas Sociedade Ltda., Afina Venezuela C.A., Afinasis S.A. de C.V., Ascendant Technology Holdings UK Limited, Ascendant Technology Limited, Asset Ohio Fourth Street LLC, Azlan GmbH, Azlan Group Limited, Azlan Limited, Brazil HoldCo Limited, ComputerLand Corporation, Concentrix, Concentrix Corporation, Corporate Mobile Recycling Espana S.L., Corporate Mobile Recycling Ltd., CyberLogistics Corporation, DLT Solutions LLC, EKM Global Limited, EMJ America Inc., Exit Certified ULC, Finance Technology AS, GLS Software S. de R.L, Horizon Technical Services (UK) Limited, Horizon Technical Services AB, Hyve Design Solutions (Taiwan) Corporation, Hyve Design Solutions Corporation, Hyve IT Solutions Israel Ltd, Hyve IT Solutions South Africa (PTY) LTD, Hyve SNX Solutions Ireland Limited, Hyve Solutions (Taiwan) Corporation, Hyve Solutions Canada Limited, Hyve Solutions China Limited, Hyve Solutions Corporation, Hyve Solutions Europe Limited, Hyve Solutions HK Limited, Hyve Solutions Holding Company Limited, Hyve Solutions India Private Limited, Hyve Solutions Japan K.K., Hyve Solutions Korea Limited, Hyve Solutions Malaysia SDN. BHD, Hyve Solutions New Zealand Limited, Hyve Solutions Singapore Pte. Ltd., Hyve Solutions UK Limited, Hyve Solutions US Global Holding Corporation, IBM World Wide Customer Care, IQBlade Limited, Innovix Distribution Holdings (BVI) Limited, Jack Of All Games Inc., LATAM HoldCo Limited, Lasting Holdings Corporation, License Online Inc., Minacs, Pegasus Telecom LLC., SIT Funding Corporation, SYNNEX Canada Limited, SYNNEX Finance Hybrid II LLC, SYNNEX Holdco Inc., SYNNEX Information Technologies (Beijing) Ltd., SYNNEX Information Technologies (Chengdu) Ltd., SYNNEX Information Technologies (China) Ltd., SYNNEX Information Technologies (Guizhou) Ltd., SYNNEX Japan Corporation, SYNNEX Japan Holdings K.K., SYNNEX Logistics Corporation, SYNNEX Servicios S.A. de C.V., SYNNEX de México S.A. de C.V., Sennex Enterprises Limited, Servicios Afinasis S.A. de C.V., Spekter Technology LDA, Spire Sub LLC, TD Funding UK Limited, TD SYNNEX Canada Holdings Corp., TD SYNNEX Finance Limited, TD SYNNEX Global Holdings, TD Treasury UK Limited, TD UK Holding Limited, TS Europe B.V., TS Holding and Financial Services B.V., Tec D (Malaysia) Sdn. Bhd., Tec D Advanced Solutions (Malaysia) Sdn. Bhd., Tec D Distribution (Malaysia) Sdn. Bhd., Tech Data, Tech Data B.V., Tech Data Capital Canada ULC, Tech Data Capital LLC, Tech Data Corporation, Tech Data Distribution (Hong Kong) Limited, Tech Data Distribution (Singapore) Pte. Ltd., Tech Data Distribution Croatia d.o.o., Tech Data Finance SRL, Tech Data Germany GmbH & Co. KG, Tech Data Holdings SRL, Tech Data Resources LP, Tech Data Treasury SRL, Tech Data Turkey Holding Anonim Sirketi, Tech Data USA LLC, Tech Data Worldwide SRL, Tech Data d.o.o., Tiger Merger Holdings LLC, Tiger Midco LLC, VisionMAX, WG-UK Holding Company Limited, WG-US HoldCo Inc., Westcon Brasil Ltda., Westcon CALA Inc., Westcon Canada Systems (WCSI) Inc., Westcon Corporation Ecuador WCE Cia. Ltda., Westcon GDS LLC, Westcon Group Colombia Limitada, Westcon Group Costa Rica S.A, Westcon Group Inc., Westcon Group North America Inc, Westcon Group Panama S.A., Westcon Group Paraguay S.R.L., Westcon Group Uruguay S.R.L., Westcon Mexico S.A. de C.V., Westcon-Comstor Americas, and “Tech Data” Österreich GmbH.
Read More

When was TD SYNNEX founded?

TD SYNNEX was founded in 1980.

How can I contact TD SYNNEX?

TD SYNNEX's mailing address is 44201 NOBEL DRIVE, FREMONT CA, 94538. The official website for TD SYNNEX is www.synnexcorp.com. The business services provider can be reached via phone at (510) 656-3333, via email at marylai@synnex.com, or via fax at 510-668-3777.

This page (NYSE:SNX) was last updated on 8/8/2022 by MarketBeat.com Staff

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