Weekly Analysts’ Ratings Updates for TD SYNNEX (SNX)

TD SYNNEX (NYSE: SNX) has recently received a number of price target changes and ratings updates:

• 1/15/2025 – TD SYNNEX had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $140.00 price target on the stock.
• 1/14/2025 – TD SYNNEX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/13/2025 – TD SYNNEX had its price target raised by analysts at JPMorgan Chase & Co. from $135.00 to $150.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – TD SYNNEX had its price target raised by analysts at Barclays PLC from $132.00 to $148.00. They now have an “equal weight” rating on the stock.
• 1/10/2025 – TD SYNNEX was upgraded by analysts at Cfra from a “hold” rating to a “buy” rating. They now have a $147.00 price target on the stock, up previously from $122.00.
• 1/7/2025 – TD SYNNEX had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $140.00 price target on the stock.
• 12/18/2024 – TD SYNNEX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/9/2024 – TD SYNNEX was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

TD SYNNEX Stock Performance

NYSE:SNX traded up $0.85 on Tuesday, hitting $142.04. The stock had a trading volume of 197,505 shares, compared to its average volume of 716,025. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $124.33 and its two-hundred day simple moving average is $119.91. TD SYNNEX Co. has a 52-week low of $98.70 and a 52-week high of $143.77.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is 20.10%.

Insider Activity at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total value of $182,906.30. Following the completion of the transaction, the chief financial officer now owns 48,362 shares in the company, valued at approximately $5,858,089.06. The trade was a 3.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Simon Leung sold 6,249 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total value of $769,689.33. Following the completion of the transaction, the insider now owns 23,339 shares of the company’s stock, valued at approximately $2,874,664.63. This trade represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

A number of large investors have recently bought and sold shares of SNX. Wilmington Savings Fund Society FSB raised its position in TD SYNNEX by 11.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,141 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 212 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of TD SYNNEX by 5.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 15,075 shares of the business services provider’s stock worth $1,768,000 after acquiring an additional 771 shares in the last quarter. Stratos Investment Management LLC raised its position in shares of TD SYNNEX by 29.8% in the 4th quarter. Stratos Investment Management LLC now owns 36,481 shares of the business services provider’s stock worth $4,279,000 after acquiring an additional 8,366 shares in the last quarter. Ninety One SA PTY Ltd raised its position in shares of TD SYNNEX by 95.6% in the 4th quarter. Ninety One SA PTY Ltd now owns 43,882 shares of the business services provider’s stock worth $5,146,000 after acquiring an additional 21,444 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in shares of TD SYNNEX by 75.4% in the 4th quarter. Ninety One UK Ltd now owns 2,364,563 shares of the business services provider’s stock worth $277,316,000 after acquiring an additional 1,016,251 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

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.