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NYSE:SNX

TD SYNNEX (SNX) Stock Price, News & Analysis

TD SYNNEX logo
$115.30 -0.40 (-0.35%)
(As of 11/15/2024 ET)

About TD SYNNEX Stock (NYSE:SNX)

Key Stats

Today's Range
$114.47
$116.65
50-Day Range
$110.19
$125.78
52-Week Range
$96.93
$133.85
Volume
425,099 shs
Average Volume
597,411 shs
Market Capitalization
$9.81 billion
P/E Ratio
14.92
Dividend Yield
1.39%
Price Target
$134.75
Consensus Rating
Moderate Buy

Company Overview

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. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California.

TD SYNNEX Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

SNX MarketRank™: 

TD SYNNEX scored higher than 93% of companies evaluated by MarketBeat, and ranked 84th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TD SYNNEX has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    TD SYNNEX has only been the subject of 4 research reports in the past 90 days.

  • Read more about TD SYNNEX's stock forecast and price target.
  • Earnings Growth

    Earnings for TD SYNNEX are expected to grow by 8.34% in the coming year, from $11.03 to $11.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TD SYNNEX is 14.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TD SYNNEX is 14.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 246.13.

  • Price to Earnings Growth Ratio

    TD SYNNEX has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    TD SYNNEX has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about TD SYNNEX's valuation and earnings.
  • Percentage of Shares Shorted

    1.83% of the outstanding shares of TD SYNNEX have been sold short.
  • Short Interest Ratio / Days to Cover

    TD SYNNEX has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in TD SYNNEX has recently increased by 39.29%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    TD SYNNEX pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    TD SYNNEX does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of TD SYNNEX is 20.70%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, TD SYNNEX will have a dividend payout ratio of 13.39% next year. This indicates that TD SYNNEX will be able to sustain or increase its dividend.

  • Read more about TD SYNNEX's dividend.
  • Percentage of Shares Shorted

    1.83% of the outstanding shares of TD SYNNEX have been sold short.
  • Short Interest Ratio / Days to Cover

    TD SYNNEX has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in TD SYNNEX has recently increased by 39.29%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    TD SYNNEX has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for TD SYNNEX this week, compared to 7 articles on an average week.
  • Search Interest

    Only 7 people have searched for SNX on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added TD SYNNEX to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TD SYNNEX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,414,329.00 in company stock.

  • Percentage Held by Insiders

    Only 1.90% of the stock of TD SYNNEX is held by insiders.

  • Percentage Held by Institutions

    84.00% of the stock of TD SYNNEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TD SYNNEX's insider trading history.

SNX Stock News Headlines

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SNX Stock Analysis - Frequently Asked Questions

TD SYNNEX's stock was trading at $107.61 at the beginning of 2024. Since then, SNX stock has increased by 7.1% and is now trading at $115.30.
View the best growth stocks for 2024 here
.

TD SYNNEX Co. (NYSE:SNX) issued its quarterly earnings data on Thursday, September, 26th. The business services provider reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.06. TD SYNNEX's revenue for the quarter was up 5.2% compared to the same quarter last year.

TD SYNNEX subsidiaries include these companies: Tech Data, Concentrix, Westcon-Comstor Americas, Minacs, IBM World Wide Customer Care, VisionMAX, Jack Of All Games Inc., and others.

TD SYNNEX's top institutional investors include FMR LLC (8.73%), State Street Corp (2.57%), Pacer Advisors Inc. (2.08%) and Geode Capital Management LLC (1.55%). Insiders that own company stock include Apollo Management Holdings Gp,, Developments Ltd Peer, Star Developments Ltd Silver, Richard T Hume, Matthew Miau, Patrick Zammit, Dennis Polk, David R Vetter, Marshall Witt, Hau L Lee, Simon Leung, Michael Urban, Fred A Breidenbach and Ann F Vezina.
View institutional ownership trends
.

Shares of SNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TD SYNNEX investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Advanced Micro Devices (AMD) and Arista Networks (ANET).

Company Calendar

Last Earnings
9/26/2024
Ex-Dividend for 10/25 Dividend
10/11/2024
Dividend Payable
10/25/2024
Today
11/17/2024
Fiscal Year End
11/30/2024
Next Earnings (Estimated)
1/14/2025

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
CUSIP
87162W10
Employees
23,000
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$134.75
High Stock Price Target
$150.00
Low Stock Price Target
$113.00
Potential Upside/Downside
+16.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$626.91 million
Pretax Margin
1.50%

Debt

Sales & Book Value

Annual Sales
$57.02 billion
Cash Flow
$15.13 per share
Book Value
$88.56 per share

Miscellaneous

Free Float
83,471,000
Market Cap
$9.81 billion
Optionable
Optionable
Beta
1.48

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This page (NYSE:SNX) was last updated on 11/17/2024 by MarketBeat.com Staff
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