Lido Advisors LLC Buys Shares of 2,234 TD SYNNEX Corporation $SNX

Lido Advisors LLC bought a new position in TD SYNNEX Corporation (NYSE:SNX) during the 1st quarter, Holdings Channel.com reports. The fund bought 2,234 shares of the business services provider’s stock, valued at approximately $377,000.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in shares of TD SYNNEX by 38.4% in the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after buying an additional 5,982 shares during the last quarter. CWM LLC increased its holdings in TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock valued at $1,066,000 after buying an additional 5,859 shares during the last quarter. R Squared Ltd bought a new position in TD SYNNEX in the fourth quarter worth approximately $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in TD SYNNEX by 44.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock worth $10,186,000 after acquiring an additional 20,815 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of TD SYNNEX by 138.6% during the 4th quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock worth $8,889,000 after acquiring an additional 34,374 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $255.93 on Friday. The firm has a fifty day moving average price of $260.60 and a 200-day moving average price of $209.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The stock has a market cap of $20.46 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. TD SYNNEX Corporation has a 1 year low of $139.23 and a 1 year high of $296.47.

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

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. TD SYNNEX’s dividend payout ratio (DPR) is currently 13.74%.

Insider Activity

In other 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director directly owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,273 shares of company stock worth $5,259,652 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNX shares. Morgan Stanley boosted their price objective on shares of TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Barclays lifted their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $294.67.

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.