TD Synnex Corp (NYSE: SNX) is 9.68% higher on its value in year-to-date trading and has touched a low of $89.73 and a high of $133.85 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 $118.83 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $118.03, the stock is 1.52% and 1.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.05 million and changing -0.67% at the moment leaves the stock 4.52% off its SMA200. SNX registered 14.97% gain for a year compared to 6-month gain of 12.40%.
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The stock witnessed a -1.12% loss in the last 1 month and extending the period to 3 months gives it a -9.19%, and is 4.55% 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 1.75% over the week and 1.95% over the month.
TD Synnex Corp (SNX) has around 23000 employees, a market worth around $10.09B and $56.29B in sales. Current P/E ratio is 16.54 and Fwd P/E is 9.05. Profit margin for the company is 1.13%. Distance from 52-week low is 31.53% and -11.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.45%).
with sales reaching $14.11B over the same period.The EPS is expected to grow by 4.30% this year, but quarterly earnings will post -0.60% year-over-year.
TD Synnex Corp (SNX) Top Institutional Holders
650.0 institutions hold shares in TD Synnex Corp (SNX), with institutional investors hold 99.68% of the company’s shares. The shares outstanding are 88.67M, and float is at 75.90M with Short Float at 2.19%. Institutions hold 88.61% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.03 million shares valued at $926.49 million. The investor’s holdings represent 9.3952% of the SNX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.64 million shares valued at $881.35 million to account for 8.9375 of the shares outstanding. The other top investors are FMR LLC which holds 6.27 million shares representing 7.3385% and valued at over $723.67 million, while BRAVE WARRIOR ADVISORS, LLC holds 3.8876 of the shares totaling 3.32 million with a market value of $383.36 million.
TD Synnex Corp (SNX) Insider Activity
The most recent transaction is an insider sale by Saintil Merline, the company’s Director. SEC filings show that Saintil Merline sold 117 shares of the company’s common stock on Sep 04 ’24 at a price of $115.16 per share for a total of $13474.0. Following the sale, the insider now owns 5865.0 shares.
TD Synnex Corp disclosed in a document filed with the SEC on Aug 07 ’24 that Witt Marshall (Chief Financial Officer) sold a total of 11,441 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $110.14 per share for $1.26 million. Following the transaction, the insider now directly holds 45115.0 shares of the SNX stock.
Still, SEC filings show that on Aug 07 ’24, MARSHALL WITT (Officer) Proposed Sale 11,441 shares at an average price of $109.87 for $1.26 million. The insider now directly holds shares of TD Synnex Corp (SNX).
