---
title: "Richard T. Hume Sells 63,310 Shares of TD SYNNEX Corporation (NYSE:SNX) Stock"
description: "Richard T. Hume, Director of TD SYNNEX Corporation (NYSE:SNX), sold 63,310 shares at an average price of $136.23, totaling $8,624,721.30, marking a 48.39% decrease in his holdings. Post-sale, he retai"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/246791014.md"
published_at: "2025-07-01T08:18:21.000Z"
---

# Richard T. Hume Sells 63,310 Shares of TD SYNNEX Corporation (NYSE:SNX) Stock

> Richard T. Hume, Director of TD SYNNEX Corporation (NYSE:SNX), sold 63,310 shares at an average price of $136.23, totaling $8,624,721.30, marking a 48.39% decrease in his holdings. Post-sale, he retains 67,515 shares valued at approximately $9,197,568.45. The transaction was disclosed to the SEC. TD SYNNEX recently reported quarterly earnings of $2.99 EPS, exceeding estimates, and declared a quarterly dividend of $0.44, payable on July 25th. Institutional investors own 84% of the company, with various firms setting price targets between $140 and $156.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) Director Richard T. Hume sold 63,310 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $136.23, for a total transaction of $8,624,721.30. Following the completion of the sale, the director directly owned 67,515 shares of the company's stock, valued at $9,197,568.45. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

## TD SYNNEX Trading Up 0.5%

-   Extreme Networks Snags an Upgrade on Inventory Normalization

NYSE:SNX opened at $135.48 on Tuesday. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $145.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.75. The business has a 50 day simple moving average of $121.91 and a 200 day simple moving average of $124.48. The firm has a market capitalization of $11.37 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.11 and a beta of 1.29.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.28. The company had revenue of $14.95 billion during the quarter, compared to the consensus estimate of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 earnings per share. Equities research analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current year.

## TD SYNNEX Announces Dividend

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-   Is 2024 the year of the dividend increase?

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. TD SYNNEX's payout ratio is 20.56%.

## Institutional Investors Weigh In On TD SYNNEX

Several institutional investors have recently bought and sold shares of SNX. Arizona State Retirement System boosted its stake in shares of TD SYNNEX by 0.4% during the 4th quarter. Arizona State Retirement System now owns 22,225 shares of the business services provider's stock valued at $2,607,000 after buying an additional 78 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of TD SYNNEX by 9.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,068 shares of the business services provider's stock worth $125,000 after acquiring an additional 90 shares in the last quarter. Ellevest Inc. boosted its position in TD SYNNEX by 3.9% during the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock valued at $280,000 after purchasing an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock valued at $630,000 after purchasing an additional 94 shares in the last quarter. Finally, Utah Retirement Systems increased its position in TD SYNNEX by 2.5% in the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider's stock worth $481,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

## Wall Street Analyst Weigh In

A number of research firms recently commented on SNX. Barclays set a $140.00 price target on TD SYNNEX in a research note on Tuesday, June 24th. Barrington Research reiterated an "outperform" rating and issued a $156.00 target price on shares of TD SYNNEX in a research report on Monday, June 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 25th. Loop Capital lifted their price objective on shares of TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of TD SYNNEX from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $142.56.

**Get Our Latest Research Report on TD SYNNEX**

## About TD SYNNEX

(Get Free Report)

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.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
