AlphaMark Advisors LLC Buys 209 Shares of TD SYNNEX Co. (NYSE:SNX)

AlphaMark Advisors LLC grew its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,943 shares of the business services provider’s stock after purchasing an additional 209 shares during the period. AlphaMark Advisors LLC’s holdings in TD SYNNEX were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of TD SYNNEX by 18.4% during the third quarter. FMR LLC now owns 7,425,592 shares of the business services provider’s stock valued at $891,665,000 after acquiring an additional 1,154,651 shares in the last quarter. JPMorgan Chase & Co. grew its position in TD SYNNEX by 37.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,012,219 shares of the business services provider’s stock valued at $361,707,000 after purchasing an additional 813,634 shares during the period. Thrivent Financial for Lutherans grew its position in TD SYNNEX by 560.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 371,747 shares of the business services provider’s stock valued at $44,639,000 after purchasing an additional 315,424 shares during the period. Lord Abbett & CO. LLC increased its stake in TD SYNNEX by 39.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 825,468 shares of the business services provider’s stock valued at $99,123,000 after purchasing an additional 231,715 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in TD SYNNEX by 19.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 523,639 shares of the business services provider’s stock worth $62,879,000 after buying an additional 85,207 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Loop Capital reissued a “buy” rating and issued a $150.00 price objective 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 target price on shares of TD SYNNEX in a research report on Wednesday, January 15th. Finally, Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

TD SYNNEX Stock Performance

Shares of SNX opened at $142.34 on Friday. The stock has a 50 day moving average of $123.83 and a 200 day moving average of $119.64. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a 12 month low of $98.70 and a 12 month high of $143.77. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.05 and a beta of 1.46.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 24th. TD SYNNEX’s payout ratio is presently 20.10%.

Insider Buying and Selling

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of TD SYNNEX stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total value of $769,689.33. Following the sale, the insider now owns 23,339 shares of the company’s stock, valued at approximately $2,874,664.63. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 111,080 shares of the company’s stock, valued at $13,065,229.60. This represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is owned by insiders.

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.