TD SYNNEX Corporation $SNX is Lind Value II ApS’s 5th Largest Position

Lind Value II ApS trimmed its stake in TD SYNNEX Corporation (NYSE:SNX) by 56.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,992 shares of the business services provider’s stock after selling 294,235 shares during the quarter. TD SYNNEX makes up 14.2% of Lind Value II ApS’s holdings, making the stock its 5th biggest position. Lind Value II ApS owned approximately 0.28% of TD SYNNEX worth $37,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SNX. Wellington Management Group LLP raised its stake in TD SYNNEX by 257.2% in the 1st quarter. Wellington Management Group LLP now owns 103,664 shares of the business services provider’s stock valued at $10,777,000 after acquiring an additional 74,646 shares during the period. AlphaQuest LLC bought a new stake in shares of TD SYNNEX in the first quarter valued at approximately $260,000. Smartleaf Asset Management LLC lifted its stake in shares of TD SYNNEX by 19.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 724 shares of the business services provider’s stock valued at $76,000 after buying an additional 116 shares in the last quarter. SVB Wealth LLC bought a new position in TD SYNNEX in the 1st quarter worth approximately $72,000. Finally, Freedom Investment Management Inc. grew its stake in TD SYNNEX by 12.7% in the 1st quarter. Freedom Investment Management Inc. now owns 2,935 shares of the business services provider’s stock valued at $305,000 after buying an additional 330 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Activity at TD SYNNEX

In other news, insider Alim Dhanji sold 1,762 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value of $272,317.10. Following the completion of the transaction, the insider owned 13,426 shares in the company, valued at $2,074,988.30. This trade represents a 11.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $152.11, for a total transaction of $760,550.00. Following the completion of the sale, the director directly owned 52,515 shares in the company, valued at $7,988,056.65. This represents a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,939 shares of company stock worth $2,921,338 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SNX shares. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday. Bank of America upped their price target on TD SYNNEX from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Raymond James Financial set a $175.00 price objective on shares of TD SYNNEX in a research note on Thursday, September 25th. Finally, Morgan Stanley cut their price target on shares of TD SYNNEX from $181.00 to $177.00 and set an “overweight” rating for the company in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $169.18.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $153.08 on Wednesday. The company has a market capitalization of $12.47 billion, a P/E ratio of 16.60, a PEG ratio of 1.05 and a beta of 1.36. TD SYNNEX Corporation has a fifty-two week low of $92.23 and a fifty-two week high of $167.76. 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 stock has a 50 day moving average price of $152.48 and a two-hundred day moving average price of $147.81.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $3.58 EPS for the quarter, beating the consensus estimate of $3.05 by $0.53. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were issued a $0.44 dividend. The ex-dividend date was Friday, October 17th. This represents a $1.76 annualized dividend and a yield of 1.1%. TD SYNNEX’s payout ratio is 19.09%.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.