TD SYNNEX Corporation $SNX Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in TD SYNNEX Corporation (NYSE:SNX) by 14.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 162,028 shares of the business services provider’s stock after purchasing an additional 20,000 shares during the quarter. Renaissance Technologies LLC’s holdings in TD SYNNEX were worth $27,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ossiam grew its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Dorato Capital Management acquired a new stake in TD SYNNEX in the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX during the 3rd quarter valued at $30,000. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX during the 4th quarter worth $28,000. Finally, SJS Investment Consulting Inc. grew its holdings in TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Barrington Research increased their target price on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. UBS Group lifted their price target on shares of TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective on the stock in a research note on Wednesday, May 27th. Finally, Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $294.67.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,000 shares of company stock worth $4,933,700 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

TD SYNNEX Stock Performance

NYSE:SNX opened at $248.89 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. TD SYNNEX Corporation has a twelve month low of $139.23 and a twelve month high of $296.47. The company has a 50-day moving average of $259.79 and a 200-day moving average of $208.03.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating 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 the consensus estimate of $16.80 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The firm’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. Analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

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.