TD SYNNEX Corporation $SNX Stock Position Reduced by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC cut its stake in shares of TD SYNNEX Corporation (NYSE:SNX) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,746 shares of the business services provider’s stock after selling 78 shares during the period. Linden Thomas Advisory Services LLC’s holdings in TD SYNNEX were worth $1,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNX. Nuveen LLC purchased a new position in TD SYNNEX during the first quarter valued at approximately $121,259,000. Metropolis Capital Ltd purchased a new position in TD SYNNEX during the second quarter valued at approximately $115,168,000. JPMorgan Chase & Co. grew its position in TD SYNNEX by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 3,899,974 shares of the business services provider’s stock valued at $405,441,000 after purchasing an additional 564,473 shares in the last quarter. Boston Partners grew its position in TD SYNNEX by 321.6% during the first quarter. Boston Partners now owns 591,958 shares of the business services provider’s stock valued at $61,547,000 after purchasing an additional 451,567 shares in the last quarter. Finally, Abrams Bison Investments LLC grew its position in TD SYNNEX by 19.4% in the first quarter. Abrams Bison Investments LLC now owns 2,683,000 shares of the business services provider’s stock worth $278,925,000 after acquiring an additional 435,000 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SNX. Royal Bank Of Canada boosted their target price on shares of TD SYNNEX from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Loop Capital boosted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Barclays boosted their target price on shares of TD SYNNEX from $140.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of TD SYNNEX from $145.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Raymond James Financial set a $175.00 target price on shares of TD SYNNEX in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.55.

Insider Activity at TD SYNNEX

In related news, CFO Marshall Witt sold 861 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the completion of the transaction, the chief financial officer directly owned 49,777 shares in the company, valued at $7,458,585.68. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $155.90, for a total transaction of $779,500.00. Following the transaction, the director owned 62,515 shares of the company’s stock, valued at approximately $9,746,088.50. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,435 shares of company stock valued at $1,302,970 in the last 90 days. 1.00% of the stock is owned by company insiders.

TD SYNNEX Price Performance

Shares of TD SYNNEX stock opened at $155.11 on Monday. The firm has a fifty day simple moving average of $152.95 and a 200-day simple moving average of $136.84. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $167.76. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 25th. The business services provider reported $2.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same quarter in the previous year, the firm posted $2.86 earnings per share. TD SYNNEX’s quarterly revenue 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. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, October 17th. TD SYNNEX’s dividend payout ratio is presently 19.09%.

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.