Anchor Capital Advisors LLC Decreases Stock Position in TD SYNNEX Corporation $SNX

Anchor Capital Advisors LLC lessened its position in TD SYNNEX Corporation (NYSE:SNX) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,546 shares of the business services provider’s stock after selling 9,606 shares during the quarter. TD SYNNEX comprises 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 16th largest position. Anchor Capital Advisors LLC owned 0.44% of TD SYNNEX worth $49,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TD SYNNEX by 329.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in TD SYNNEX during the first quarter worth approximately $44,000. Quarry LP purchased a new position in TD SYNNEX during the first quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new position in TD SYNNEX during the second quarter worth approximately $55,000. Finally, Hantz Financial Services Inc. lifted its position in TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock worth $60,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $153.81, for a total value of $769,050.00. Following the completion of the sale, the director directly owned 57,515 shares of the company’s stock, valued at approximately $8,846,382.15. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Merline Saintil sold 336 shares of TD SYNNEX stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total value of $52,345.44. Following the completion of the sale, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. The trade was a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 15,444 shares of company stock valued at $2,386,174. Insiders own 1.00% of the company’s stock.

TD SYNNEX Price Performance

NYSE:SNX opened at $153.34 on Thursday. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76. The company has a quick ratio of 0.71, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.49 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.19 and a beta of 1.41. The stock’s fifty day moving average is $154.09 and its two-hundred day moving average is $139.66.

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

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. TD SYNNEX’s payout ratio is presently 19.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SNX shares. UBS Group lifted their price objective on TD SYNNEX from $154.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley lifted their price objective on TD SYNNEX from $173.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Royal Bank Of Canada lifted their price objective on TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Barclays lifted their price objective on TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. lifted their price objective on TD SYNNEX from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.55.

About TD SYNNEX

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.