Northwestern Mutual Wealth Management Co. Makes New Investment in TD SYNNEX Corporation $SNX

Northwestern Mutual Wealth Management Co. purchased a new stake in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent filing with the SEC. The fund purchased 3,356 shares of the business services provider’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in TD SYNNEX during the second 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 worth $27,000 after purchasing an additional 75 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in TD SYNNEX during the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX during the third quarter valued at $30,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of TD SYNNEX during the fourth quarter worth $32,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

Shares of SNX opened at $251.88 on Wednesday. TD SYNNEX Corporation has a 1 year low of $142.22 and a 1 year high of $296.47. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.64 and a current ratio of 1.20. The firm has a fifty day moving average of $256.53 and a 200-day moving average of $221.49.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. During the same quarter in the prior year, the firm earned $2.99 earnings per share. The company’s quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, equities analysts anticipate that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio is 13.74%.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares in the company, valued at approximately $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,273 shares of company stock worth $4,253,752 in the last 90 days. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SNX. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada set a $340.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. UBS Group raised their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $294.67.

TD SYNNEX 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.