Wasatch Advisors LP Makes New $847,000 Investment in TD SYNNEX Corporation $SNX

Wasatch Advisors LP purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,020 shares of the business services provider’s stock, valued at approximately $847,000.

Several other institutional investors also recently made changes to their positions in the stock. Dorato Capital Management acquired a new stake in shares of TD SYNNEX during the 4th quarter worth $27,000. Ossiam boosted its holdings in TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX during the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in TD SYNNEX during the third quarter valued at about $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in TD SYNNEX during the fourth quarter worth about $32,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the transaction, the chief financial officer owned 14,035 shares in the company, valued at approximately $2,659,071.10. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Miriam Anne Murphy sold 3,025 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the sale, the insider owned 10,820 shares in the company, valued at $2,165,514.80. The trade was a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,250 shares of company stock valued at $4,935,282 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNX. Zacks Research downgraded TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday. Barclays raised their price target on shares of TD SYNNEX from $166.00 to $237.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Barrington Research lifted their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average price target of $277.10.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported record fiscal Q2 results, with revenue of $19.58 billion and non-GAAP EPS of $4.85, both well above expectations. Revenue rose 31% year over year, showing broad-based demand strength. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management issued upbeat Q3 guidance, with EPS outlook of $4.25 to $4.75 and revenue guidance above analyst estimates, signaling continued momentum after the strong quarter. TD SYNNEX stock report
• Positive Sentiment: Analysts responded favorably after the earnings release, including Barrington Research raising its price target to $325 from $202 and reiterating an outperform rating, which can support investor sentiment. Analysts Boost Forecasts on TD Synnex After Upbeat Q2 Results
• Positive Sentiment: Commentary around Hyve Solutions highlighted strong AI infrastructure demand, record billings, and continued growth in both Hyve and distribution, suggesting the business mix is improving. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
• Neutral Sentiment: The company also declared a quarterly dividend of $0.48 per share, which is supportive for income investors but not likely the main driver of the stock today.
• Negative Sentiment: After a sharp year-to-date rally, some investors appear concerned that the stock’s valuation has run ahead of fundamentals, making the shares vulnerable to profit-taking despite the strong operating results. TD Synnex: Still A Buy, Though The Easy Money Has Been Made

TD SYNNEX Stock Performance

SNX stock opened at $266.17 on Friday. The firm has a market cap of $21.40 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 1.43. The stock’s 50 day simple moving average is $249.78 and its 200 day simple moving average is $192.17. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12-month low of $133.71 and a 12-month high of $296.47.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The company had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities research analysts predict that TD SYNNEX Corporation will post 16.57 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $0.48 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is currently 15.96%.

About TD SYNNEX

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.