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Is TD Synnex Corp (SNX) a good stock to buy now?

TD Synnex Corp (NYSE: SNX) is 8.20% higher on its value in year-to-date trading and has touched a low of $86.30 and a high of $116.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNX stock was last observed hovering at around $112.74 in the last trading session, with the day’s gains setting it 3.69%.

Currently trading at $116.43, the stock is 9.68% and 12.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.75 million and changing 3.27% at the moment leaves the stock 16.38% off its SMA200. SNX registered 23.22% gain for a year compared to 6-month gain of 16.59%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of $12.21.

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The stock witnessed a 10.53% loss in the last 1 month and extending the period to 3 months gives it a 8.20%, and is 10.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.26% over the week and 2.11% over the month.

TD Synnex Corp (SNX) has around 23000 employees, a market worth around $10.21B and $56.41B in sales. Current P/E ratio is 16.91 and Fwd P/E is 8.84. Profit margin for the company is 1.11%. Distance from 52-week low is 34.91% and 0.33% from its 52-week high. The company has generated returns on investments over the last 12 months (5.62%).

TD Synnex Corp quarterly earnings per share for the current quarter are estimated at $2.82 with sales reaching $14.08B over the same period.The EPS is expected to grow by 6.73% this year, but quarterly earnings will post 0.70% year-over-year.

TD Synnex Corp (SNX) Top Institutional Holders

519 institutions hold shares in TD Synnex Corp (SNX), with institutional investors hold 86.65% of the company’s shares. The shares outstanding are 88.67M, and float is at 61.11M with Short Float at 2.90%. Institutions hold 77.08% of the Float.

The top institutional shareholder in the company is Apollo Management Holdings, L.P. with over 37.43 million shares valued at $3.52 billion. The investor’s holdings represent 40.53% of the SNX Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 6.55 million shares valued at $615.32 million to account for 7.09% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 4.82 million shares representing 5.21% and valued at over $452.65 million, while Blackrock Inc. holds 4.54% of the shares totaling 4.19 million with a market value of $394.2 million.

TD Synnex Corp (SNX) Insider Activity

The most recent transaction is an insider sale by HUME RICHARD T,the company’sChief Executive Officer. SEC filings show that HUME RICHARD T sold 10,000 shares of the company’s common stock on Mar 04 ’24 at a price of $105.57 per share for a total of $1.06 million. Following the sale, the insider now owns 0.23 million shares.

TD Synnex Corp disclosed in a document filed with the SEC on Feb 20 ’24 that HUME RICHARD T (Chief Executive Officer) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $101.18 per share for $1.01 million. Following the transaction, the insider now directly holds 0.24 million shares of the SNX stock.

Still, SEC filings show that on Feb 05 ’24, HUME RICHARD T (Chief Executive Officer) disposed off 10,000 shares at an average price of $100.30 for $1.0 million. The insider now directly holds 249,363 shares of TD Synnex Corp (SNX).

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