TD SynnexSNX
Market Cap: $9.48B
About: TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
Employees: 28,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
107% more repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 108
52% more call options, than puts
Call options by funds: $72M | Put options by funds: $47.5M
2% more funds holding
Funds holding: 466 [Q1] → 473 (+7) [Q2]
10% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 72
12.06% less ownership
Funds ownership: 96.57% [Q1] → 84.51% (-12.06%) [Q2]
13% less capital invested
Capital invested by funds: $9.73B [Q1] → $8.5B (-$1.23B) [Q2]
43% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 8 (-6) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Ashish Sabadra 85% 1-year accuracy 40 / 47 met price target | 26%upside $140 | Outperform Upgraded | 15 Jul 2024 |
B of A Securities Ruplu Bhattacharya 25% 1-year accuracy 2 / 8 met price target | 19%upside $132 | Buy Maintained | 27 Jun 2024 |
UBS David Vogt 50% 1-year accuracy 6 / 12 met price target | 35%upside $150 | Buy Maintained | 26 Jun 2024 |
RBC Capital Ashish Sabadra 85% 1-year accuracy 40 / 47 met price target | 22%upside $135 | Sector Perform Reiterated | 26 Jun 2024 |
JP Morgan Joseph Cardoso 100% 1-year accuracy 1 / 1 met price target | 11%upside $123 | Neutral Maintained | 26 Jun 2024 |
Financial journalist opinion
Based on 5 articles about SNX published over the past 30 days