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Wire

TD Synnex's Cost-Plus Model, Inventory Positioning Create Competitive Advantage, RBC Says

TD Synnex's (SNX) cost-plus model, proactive inventory positioning, and its global scale create a self-reinforcing competitive advantage amid higher component costs, supply constraints and accelerating AI investments, RBC Capital Markets said in a note emailed Monday.The investment firm raised its Q3 gross billings estimate by 2.5% to about $28.9 billion, higher than both consensus and guidance, on account of durable spending in IT distribution business and new program wins at its Hyve Solutions business.RBC said it expects Q3 revenue and adjusted earnings per share of about $19.4 billion and $4.80, both higher than consensus estimates of $18.9 billion and $4.69, respectively. TD Synnex is scheduled to report its Q3 results on Thursday.Looking ahead, the firm said it has a "high degree" of confidence that Hyve can improve its margin profile as programs mature and operational efficiencies are captured at scale. RBC raised its fiscal 2027 and 2028 adjusted operating income estimates to $1.13 billion and $1.51 billion, respectively.RBC Capital Markets maintained its outperform rating on the stock, with a $340 price target.Shares of TD Synnex were up 2% in Monday trading.Price: $271.45, Change: $+5.28, Percent Change: +1.99%

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Wire

TD Synnex Earnings Seen Reigniting Momentum as Hyve Growth Accelerates, Morgan Stanley Says

TD Synnex's (SNX) fiscal Q3 earnings should help the stock regain momentum on strength in its Hyve hyperscale-infrastructure business and improving operating margins, Morgan Stanley said Tuesday in a report.TD Synnex has lagged behind the Standard & Poor's 500 in the past three months despite reporting a May quarter in which revenue rose 31% from a year earlier and EPS climbed 62%, the report said. Morgan Stanley attributed the underperformance partly to weakening sentiment around Hyve, which designs and builds data-center hardware for major cloud providers.Morgan Stanley expects a strong August-quarter beat and a November-quarter raise, with its EPS estimates about 7% above consensus amid resilient enterprise hardware spending, robust Hyve growth and solid margin expansion.The market continues to undervalue TD Synnex's medium-term earnings power, driven partly by distribution share gains and a reaccelerating Hyve business, the report said. Morgan Stanley forecasts fiscal 2028 EPS of $31.45, 30% above Wall Street estimates.The company is scheduled to report results on Sept. 24.Morgan Stanley cut its price target on TD Synnex stock to $334 from $374 and maintained its overweight rating.Price: $264.20, Change: $+3.08, Percent Change: +1.18%

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Wire

TD SYNNEX, Hammerhead AI Launch Distribution Partnership for ORCA Software

TD SYNNEX (SNX) and Hammerhead AI said Tuesday they are launching a collaboration under which TD SYNNEX will distribute Hammerhead's Orchestrated RL Control Agents, or ORCA, software.The software converts stranded power in data centers into AI capacity, the companies said.Under the deal, TD SYNNEX will lead go-to-market efforts via its network of resellers globally, the companies said.Financial details were not provided.Price: $265.10, Change: $+3.88, Percent Change: +1.49%

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Insider Trading

Td Synnex Insider Sold Shares Worth $653,015, According to a Recent SEC Filing

Dennis Polk, Director, Chair, Hyve Solutions, on August 17, 2026, sold 2,500 shares in Td Synnex (SNX) for $653,015. Following the Form 4 filing with the SEC, Polk has control over a total of 94,086 common shares of the company, with 22,439 shares held directly and 71,647 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000088/xslF345X05/wk-form4_1787083380.xml

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Wire

TD Synnex Expands IBM Distribution Coverage to 20 New Countries

TD Synnex (SNX) said Tuesday it expanded its IBM (IBM) distribution network into 20 additional countries in Europe, Asia-Pacific, and Latin America.The broader coverage increases partner access to IBM software and technology services, and also opens access to a dedicated program focused on artificial intelligence, data management and automation technologies, the company said.TD Synnex provides participating partners with technical enablement, financing, pre-sales assistance, and market execution services, the company said.TD Synnex shares were up 1.5% in Tuesday trading.Price: $257.58, Change: $+3.84, Percent Change: +1.51%

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Insider Trading

Td Synnex Insider Sold Shares Worth $325,952, According to a Recent SEC Filing

Ann F Vezina, Director, on July 31, 2026, sold 1,273 shares in Td Synnex (SNX) for $325,952. Following the Form 4 filing with the SEC, Vezina has control over a total of 5,828 common shares of the company, with 5,828 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000084/xslF345X05/wk-form4_1785528548.xml

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Insider Trading

TD Synnex Insider Sold Shares Worth $1,214,858, According to a Recent SEC Filing

Richard T Hume, Director, on July 06, 2026, sold 5,000 shares in TD Synnex (SNX) for $1,214,858. Following the Form 4 filing with the SEC, Hume has control over a total of 18,537 common shares of the company, with 18,537 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000078/xslF345X05/wk-form4_1783459126.xml

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Insider Trading

TD Synnex Insider Sold Shares Worth $3,980,776, According to a Recent SEC Filing

Dennis Polk, Director, Chair, Hyve Solutions, on June 29, 2026, sold 15,000 shares in TD Synnex (SNX) for $3,980,776. Following the Form 4 filing with the SEC, Polk has control over a total of 99,086 common shares of the company, with 22,439 shares held directly and 76,647 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000070/xslF345X05/wk-form4_1782851653.xml

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Wire

TD Synnex's Hyve Momentum Builds as AI Infrastructure Demand Accelerates, RBC Says

TD Synnex (SNX) is benefiting from accelerating AI-driven demand across its distribution business and Hyve unit, which is reshaping the company's mix toward structurally higher-margin growth, RBC Capital Markets said Thursday in a report.RBC highlighted strong hyperscale infrastructure spending, enterprise data-center modernization and rising demand for AI-capable devices as key drivers.Hyve continues to capture market share from hyperscalers, supported by its integrated design and full-lifecycle supply-chain model, seen as an advantage over pure-play competitors, the report said. New Hyve programs are scheduled to ramp up in late Q4 and early fiscal year 27, backed by more than 1 million square feet of new US manufacturing capacity and multiyear customer commitments, RBC said.Higher component costs and supply constraints remain potential near-term headwinds, though TD Synnex's global scale and vendor relationships position the company well to manage them, the report said. RBC expects continued strength through fiscal 2026, with double-digit distribution growth and outsized gains at Hyve driving a more profitable business mix.RBC forecasts fiscal 2026 revenue of about $75 billion and adjusted operating income of about $2.4 billion, with EPS of $19.02, reflecting the growing contribution from Hyve. On Thursday, fiscal Q2 results came in ahead of expectations, supported by strong AI-related demand, the report said.RBC raised its price target on TD Synnex stock to $340 from $315 and maintained its outperform rating.Price: $266.15, Change: $-11.48, Percent Change: -4.13%

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Wire

TD Synnex Delivers Strong Fiscal Q2 on Hyve Growth, Market Share Gains, Morgan Stanley Says

TD Synnex (SNX) delivered a strong fiscal Q2, driven by accelerating Hyve growth, market share gains, expanding capacity, and management's confidence in sustained H2 growth, Morgan Stanley said in a note emailed Friday.The bank said the biggest highlight of the "blowout" quarter was rising revenue and gross billings growth at Hyve, with management announcing plans to add one million square feet of manufacturing capacity to support new program wins, increasing existing capacity by more than 50%.Growth in North America and Europe was at roughly twice the market rate, "signaling share gains, wallet share capture, and new customer/vendor wins," the firm said, adding that, looking ahead, TD Synnex could also benefit from Dell's (DELL) decision to terminate its North American distribution contract with Arrow Electronics (ARW).The bank said they are raising its fiscal 2026 and fiscal 2027 earnings per share estimates for TD Synnex to $18.85 and $23.39 from $17.80 and $21.33, adding that it believes fiscal Q3 guidance and the implied fiscal Q4 EPS are "conservative," with fiscal 2026 EPS of more than $20 still achievable.Morgan Stanley raised its price target on TD Synnex from $341 to $374 while keeping its overweight rating.Price: $266.97, Change: $-10.66, Percent Change: -3.84%

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Wire

Barrington Adjusts Price Target on TD SYNNEX to $325 From $202, Maintains Outperform Rating

TD SYNNEX (SNX) has an average rating of buy and mean price target of $307.73, according to analysts polled by FactSet.Price: $273.91, Change: $-3.72, Percent Change: -1.34%

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Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data
US Markets

Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data

US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Technology's (MU) latest financial results and await key inflation and economic data.The S&P 500 rose 0.8%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq increased 2.2% in premarket activity. The S&P 500 and Nasdaq closed Wednesday trading down for the third consecutive session, while the Dow finished in the green.Shares of Micron jumped 16% pre-bell as the semiconductor manufacturer issued an upbeat fiscal fourth-quarter outlook and reported stronger-than-expected results for the prior three-month period.Micron's "stellar" earnings report eased tech investors' concerns about the artificial intelligence and memory trade, Wedbush Securities said in a Wednesday client note."The tech sector and chip trade still has a lot of room to go higher over the coming months as the stellar demand trends from our recent Asia checks gives us further confidence to own tech stocks into the second half of 2026 with a stronger growth trajectory ahead," according to the brokerage.Qualcomm's (QCOM) stock rose 12% after the company agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal. Nvidia (NVDA) gained 1.4%, while Intel (INTC) advanced 5.4%.Bio-Techne (TECH) spiked 22% as the firm agreed to be acquired by Germany's Merck KGaA in a deal worth $11.3 billion.The personal income and outlays report for May is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields rose in premarket action, with the two-year rate advancing 1.3 basis points to 4.15% and the 10-year rate adding 0.8 basis points to 4.41%.Thursday's economic calendar also has the third and final estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin, the durable goods orders report and the Chicago Fed national activity index, both for last month. The Kansas City Fed manufacturing index for June posts at 11 am.New York Fed President John Williams is slated to speak at 3:40 pm, while Chicago Fed President Austan Goolsbee speaks at 6:30 pm.West Texas Intermediate crude oil declined 1.1% to $69.54 a barrel before the open, while Brent decreased 1.4% to $72.72.Iran's Islamic Revolutionary Guard Corps reportedly said Wednesday it would be "unacceptable and dangerous" for ships to transit new routes through the Strait of Hormuz without coordination with Tehran, CNBC reported, citing local state media.In an emailed report on Wednesday, Stifel said 39 ships moved through the crucial waterway on Monday, still well below the usual average of over 100, but a strong improvement after more than three months of a complete halt in traffic.Darden Restaurants (DRI), TD Synnex (SNX), McCormick (MKC), Acuity (AYI), Commercial Metals (CMC) and BlackBerry (BB) report their latest financial results before the bell, among others.Gold slipped 0.2% to $4,002 per troy ounce, while bitcoin gained 3% to $61,489.

Dow JonesNasdaq CompositeS&P 500$AYI$BB$CMC$DRI$INTC$MKC$MU$NVDA$QCOM$SNX$TECH
Wire

TD Synnex Seeing Accelerating Growth in AI Infrastructure Business Hyve, RBC Says

TD Synnex's (SNX) artificial intelligence infrastructure division Hyve is an "underappreciated asset" with potential upside catalysts, RBC Capital Markets said in a note emailed Wednesday.Hyve's revenue acceleration is backed by new programs with the five major US hyperscalers, each representing a more than $1 billion opportunity, as well as expanding programs with existing clients, and rising investments in AI infrastructure, the note said.RBC said it expects Hyve to represent a 40% margin contribution by fiscal 2027, up from 27% in Q1 of 2026, a figure which may be "potentially conservative" due to Hyve's "diversified customer base, expanding programs, traditional compute focus, and new leadership."Additionally, TD Synnex's supply chain capabilities give Hyve a competitive advantage against rivals in periods of shortage and price volatility for components, the note said.The investment firm said Hyve's "high-growth, high-margin business is a key earnings driver" for TD Synnex.RBC lifted TD Synnex's price target to $315 from $250 and maintained its outperform rating on the company.Price: $274.47, Change: $+1.67, Percent Change: +0.61%

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Wire

TD SYNNEX Shares Rise After JPMorgan Upgrade

TD SYNNEX (SNX) shares rose over 4% on Wednesday after JPMorgan upgraded the stock to overweight from neutral and boosted its price target to $298 per share from $220 earlier.Trading volume stood at around 694,000 shares compared with a daily average of 753,533.Price: $250.25, Change: $+10.25, Percent Change: +4.27%

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Research

JPMorgan Upgrades TD SYNNEX to Overweight From Neutral, Raises Price Target to $298 From $220

TD SYNNEX (SNX) has an average rating of Buy and mean price target of $241.36, according to analysts polled by FactSet.

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Wire

TD Synnex Partners With Ramp on Financial Operations Platform Distribution

TD Synnex (SNX) and Ramp have entered a partnership under which TD Synnex will become an authorized distributor of Ramp's financial operations platform, Ramp said Tuesday.The agreement will allow TD Synnex's network of resellers and managed service providers to offer Ramp's platform for expense management, bill payments, procurement and accounting to customers.The companies also plan to collaborate on partner enablement, demand generation, sales support, and customer success initiatives.Financial terms of the partnership were not disclosed.Price: $242.12, Change: $+4.78, Percent Change: +2.01%

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Insider Trading

TD Synnex Insider Sold Shares Worth $1,147,692, According to a Recent SEC Filing

Richard T Hume, Director, on May 18, 2026, sold 5,000 shares in TD Synnex (SNX) for $1,147,692. Following the Form 4 filing with the SEC, Hume has control over a total of 28,537 common shares of the company, with 28,537 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000060/xslF345X05/wk-form4_1779149564.xml

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Insider Trading

TD Synnex Insider Sold Shares Worth $1,169,245, According to a Recent SEC Filing

Richard T Hume, Director, on May 05, 2026, sold 5,000 shares in TD Synnex (SNX) for $1,169,245. Following the Form 4 filing with the SEC, Hume has control over a total of 33,537 common shares of the company, with 33,537 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000056/xslF345X05/wk-form4_1778099605.xml

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Insider Trading

Td Synnex Insider Sold Shares Worth $490,733, According to a Recent SEC Filing

Reyna Thompson, President, North America, on April 29, 2026, sold 2,196 shares in Td Synnex (SNX) for $490,733. Following the Form 4 filing with the SEC, Thompson has control over a total of 13,958 common shares of the company, with 13,958 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000052/xslF345X05/wk-form4_1777580001.xml

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Wire

RBC Raises Price Target on TD SYNNEX to $250 From $210, Keeps Outperform Rating

TD SYNNEX (SNX) has an average rating of overweight and mean price target of $214.91 according to analysts polled by FactSet.Price: $225.35, Change: $+1.53, Percent Change: +0.68%

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