Richard T. Hume Sells 20,000 Shares of TD SYNNEX Co. (NYSE:SNX) Stock

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

TD SYNNEX Stock Up 3.9 %

Shares of NYSE:SNX opened at $122.92 on Wednesday. The company’s fifty day moving average is $119.58 and its two-hundred day moving average is $117.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. TD SYNNEX Co. has a 1-year low of $98.70 and a 1-year high of $133.85. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SNX shares. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 target price on shares of TD SYNNEX in a research report on Tuesday. Loop Capital reissued a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a research report on Monday, October 7th. Finally, Barclays increased their price objective 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 given a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and an average target price of $134.75.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of TD SYNNEX during the third quarter valued at approximately $30,000. UMB Bank n.a. grew its stake in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after buying an additional 144 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in TD SYNNEX in the third quarter worth $37,000. Ashton Thomas Private Wealth LLC bought a new stake in TD SYNNEX in the second quarter valued at $52,000. Finally, Point72 DIFC Ltd acquired a new position in shares of TD SYNNEX during the third quarter valued at $55,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.