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10 stories mentioning SNXUpdated 7d ago

Every FINWIRES story that references SNX, newest first.

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $225.35, Change: $+1.53, Percent Change: +0.68%

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Wire

TD Synnex's Contract Manufacturing Asset Still Underappreciated, Morgan Stanley Says

TD Synnex's (SNX) Hyve contract manufacturing asset is still underappreciated amid the stock's year-to-date outperformance, Morgan Stanley said in a note Wednesday.The company's current valuation implies that Hyve trades at a 25% discount to its peers, despite a stronger margin and growth profile, the report said.The note said Hyve is a "differentiated" asset, counting five US hyperscalers as its customers. It also has "premium" margins compared with its peers, and accounts for 27% of TD Synnex's operating income."We view TD Synnex as an underappreciated special situations story," the report said, pointing to market "mis-modeling" its growth prospects and valuing it like a pure-play technology distributor.Morgan Stanley raised its price target to $271 from $218 while reaffirming its overweight rating.Price: $221.37, Change: $+6.18, Percent Change: +2.87%

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Insider Trading

TD Synnex Insider Sold Shares Worth $605,424, According to a Recent SEC Filing

Miriam Anne Murphy, President, Europe, on April 09, 2026, sold 3,025 shares in TD Synnex (SNX) for $605,424. Following the Form 4 filing with the SEC, Murphy has control over a total of 10,820 common shares of the company, with 10,820 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1177394/000117739426000033/xslF345X05/wk-form4_1775770070.xml

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