TD SYNNEX Co. (NYSE:SNX) Director Sells $2,352,400.00 in Stock

TD SYNNEX Co. (NYSE:SNX) Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at $13,065,229.60. This trade represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TD SYNNEX Trading Down 1.0 %

Shares of NYSE:SNX opened at $122.01 on Thursday. The stock’s 50-day simple moving average is $119.63 and its two-hundred day simple moving average is $117.82. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.14 and a beta of 1.46. TD SYNNEX Co. has a 52-week low of $98.70 and a 52-week high of $133.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25.

Hedge Funds Weigh In On TD SYNNEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in TD SYNNEX in the third quarter worth approximately $30,000. UMB Bank n.a. raised its holdings in TD SYNNEX by 99.3% in the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after purchasing an additional 144 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in TD SYNNEX during the third quarter valued at $37,000. Ashton Thomas Private Wealth LLC bought a new stake in TD SYNNEX during the second quarter valued at about $52,000. Finally, Point72 DIFC Ltd purchased a new stake in TD SYNNEX in the third quarter worth about $55,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the subject of several analyst reports. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Loop Capital restated a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a research note on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 price target on shares of TD SYNNEX in a report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Finally, Barclays upped their target price on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.75.

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.