Synnex (NYSE:SNX) Director Sells $103,040.00 in Stock

Synnex (NYSE:SNX) Director Matthew Miau sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $103.04, for a total transaction of $103,040.00. Following the sale, the director now owns 373,352 shares of the company’s stock, valued at approximately $38,470,190.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matthew Miau also recently made the following trade(s):

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  • On Monday, April 16th, Matthew Miau sold 2,000 shares of Synnex stock. The shares were sold at an average price of $104.22, for a total transaction of $208,440.00.
  • On Friday, April 13th, Matthew Miau sold 2,000 shares of Synnex stock. The shares were sold at an average price of $104.15, for a total transaction of $208,300.00.
  • On Monday, April 9th, Matthew Miau sold 500 shares of Synnex stock. The shares were sold at an average price of $98.15, for a total transaction of $49,075.00.
  • On Wednesday, April 4th, Matthew Miau sold 500 shares of Synnex stock. The shares were sold at an average price of $97.95, for a total transaction of $48,975.00.
  • On Monday, January 22nd, Matthew Miau sold 2,000 shares of Synnex stock. The shares were sold at an average price of $132.00, for a total transaction of $264,000.00.
  • On Wednesday, January 17th, Matthew Miau sold 800,000 shares of Synnex stock. The shares were sold at an average price of $130.30, for a total transaction of $104,240,000.00.

Shares of NYSE SNX opened at $103.50 on Friday. The firm has a market capitalization of $4,164.17, a P/E ratio of 11.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 0.86. Synnex has a 1-year low of $93.87 and a 1-year high of $141.94.

Synnex (NYSE:SNX) last announced its earnings results on Thursday, March 29th. The business services provider reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.03. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.47 billion. Synnex had a net margin of 1.46% and a return on equity of 16.52%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. sell-side analysts expect that Synnex will post 10.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, April 12th. Synnex’s payout ratio is presently 15.80%.

SNX has been the subject of several research analyst reports. Loop Capital boosted their price target on shares of Synnex from $1.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Needham & Company LLC boosted their price target on shares of Synnex from $145.00 to $151.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Pivotal Research raised shares of Synnex from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Synnex from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Saturday, January 13th. Finally, SunTrust Banks reissued a “buy” rating and issued a $130.00 price target on shares of Synnex in a report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Synnex currently has an average rating of “Buy” and an average price target of $140.63.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Synnex by 48.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,663 shares of the business services provider’s stock worth $226,000 after purchasing an additional 541 shares during the period. Zeke Capital Advisors LLC acquired a new position in Synnex in the 4th quarter worth $252,000. BlueCrest Capital Management Ltd acquired a new position in Synnex in the 4th quarter worth $280,000. Oakbrook Investments LLC boosted its stake in Synnex by 30.3% in the 4th quarter. Oakbrook Investments LLC now owns 2,150 shares of the business services provider’s stock worth $292,000 after purchasing an additional 500 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in Synnex in the 4th quarter worth $348,000. 71.85% of the stock is owned by hedge funds and other institutional investors.

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Synnex Company Profile

SYNNEX Corporation provides business process services in North and South America, the Asia-Pacific, Europe, and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Insider Buying and Selling by Quarter for Synnex (NYSE:SNX)

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