TD Synnex Corp (NYSE: SNX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

SNX belongs to the Technology sector of the NYSE while operating in the Electronics & Computer Distribution industry. The current market capitalization of TD Synnex Corp is $10.38B. A total of 0.55 million shares were traded on the day, compared to an average of 595.92K shares.

In the most recent transaction, Saintil Merline sold 117 shares of SNX for 122.51 per share on Dec 04 ’24. After the transaction, the Director now owns 5,748 company shares. In a previous transaction on Dec 04 ’24, MERLINE SAINTIL bought 117 shares at 122.39 per share.

Among the insiders who sold shares, HUME RICHARD T disposed of 20,000 shares on Dec 02 ’24 at a per-share price of $121.25. This resulted in the Director holding 131,080 shares of SNX after the transaction. In another insider transaction, LEUNG SIMON sold 6,249 shares at $123.17 per share on Nov 06 ’24. Company shares held by the Chief Business Officer now total 23,339.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. TD Synnex Corp pays an annual dividend of $1.60, resulting in a dividend yield of 1.30%, and it has a price to earnings (P/E) ratio of 15.94. SNX’s most recent ex-dividend date was 1.35% when it declared a $0.40 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 1.37%. The SNX stock dividend was $0.40 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SNX has a high of $133.85 and a low of $98.70.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SNX’s latest balance sheet shows that the firm has $993.97M in Cash & Short Term Investments as of fiscal 2021. There were $4.14B in debt and $14.23B in liabilities at the time. Its Book Value Per Share was $96.88, while its Total Shareholder’s Equity was $7.91B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNX is Buy with a score of 4.55.

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