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Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Sell every Stock except ONE (Ad)
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DOW   32,832.54
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Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
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Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Sell every Stock except ONE (Ad)
NYSE:SNX

TD SYNNEX - SNX Stock Forecast, Price & News

$101.09
-0.87 (-0.85%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$100.99
$103.33
50-Day Range
$90.14
$107.03
52-Week Range
$88.21
$130.93
Volume
177,724 shs
Average Volume
334,691 shs
Market Capitalization
$9.69 billion
P/E Ratio
16.93
Dividend Yield
1.18%
Price Target
$138.75

TD SYNNEX MarketRank™ Forecast

Analyst Rating
Buy
3.13 Rating Score
Upside/​Downside
37.3% 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
-0.25mentions 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

21st out of 833 stocks

Computers, Peripherals, & Software Industry

1st 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.

TD SYNNEX Price Performance

SNX Stock opened at $101.09 on Tuesday. The company has a fifty day moving average price of $96.58 and a 200-day moving average price of $100.77. The company has a market capitalization of $9.69 billion, a P/E ratio of 16.93, a PEG ratio of 0.96 and a beta of 1.58. TD SYNNEX has a 52-week low of $88.21 and a 52-week high of $130.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.69 and a current ratio of 1.26.

TD SYNNEX (NYSE:SNX - Get Rating) last released its quarterly earnings results on Tuesday, June 28th. The business services provider reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.14. The firm had revenue of $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 return on equity of 13.95%. The company's revenue for the quarter was up 160.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. As a group, equities analysts expect that TD SYNNEX will post 11.31 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, July 14th. TD SYNNEX's dividend payout ratio is presently 20.10%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Marshall Witt sold 909 shares of TD SYNNEX stock in a transaction on Friday, July 15th. The shares were sold at an average price of $91.65, for a total transaction of $83,309.85. Following the completion of the transaction, the chief financial officer now owns 45,887 shares of the company's stock, valued at $4,205,543.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Marshall Witt sold 909 shares of TD SYNNEX stock in a transaction on Friday, July 15th. The shares were sold at an average price of $91.65, for a total transaction of $83,309.85. Following the completion of the transaction, the chief financial officer now owns 45,887 shares of the company's stock, valued at $4,205,543.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis Polk sold 1,300 shares of the firm's stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $101.81, for a total transaction 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. Insiders sold 26,394 shares of company stock valued at $2,646,825 over the last quarter. 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 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
8/09/2022
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
+37.3%
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
$7.44 per share
Book Value
$82.35 per share

Miscellaneous

Free Float
94,314,000
Market Cap
$9.69 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 research analysts have issued "buy," "hold," and "sell" ratings for TD SYNNEX in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNX shares.
View SNX analyst ratings
or view top-rated stocks.

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

8 Wall Street analysts have issued 12 month target prices for TD SYNNEX's stock. Their SNX share price forecasts range from $106.00 to $175.00. On average, they predict the company's stock price to reach $138.75 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price.
View analysts price targets for SNX
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 2022. Since then, SNX shares have decreased by 11.6% and is now trading at $101.09.
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 trading volume of 331,000 shares, the short-interest ratio is presently 4.0 days. Approximately 3.1% of the shares of the company are short sold.
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 SNX earnings forecast
.

How were TD SYNNEX's earnings last quarter?

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

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

TD SYNNEX declared a quarterly dividend on Tuesday, June 28th. Stockholders 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for SNX
.

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%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNX will have a dividend payout ratio of 9.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNX.

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

TD SYNNEX issued an update on its third quarter 2022 earnings guidance on Tuesday, July, 26th. The company provided earnings per share guidance of $2.50-$2.90 for the period, compared to the consensus 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 Chief Executive Officer Dennis Polk on Glassdoor.com. Dennis Polk has an approval rating of 94% among the company'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 many different institutional and retail investors. Top institutional investors 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%). Insiders that own company 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
.

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 $101.09.

How much money does TD SYNNEX make?

TD SYNNEX (NYSE:SNX) has a market capitalization of $9.69 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 the company 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 8/9/2022 by MarketBeat.com Staff

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