Synnex (NYSE:SNX) Director Matthew Miau sold 2,000 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $104.22, for a total transaction of $208,440.00. Following the sale, the director now directly owns 368,352 shares in the company, valued at $38,389,645.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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  • 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 Wednesday, April 11th, Matthew Miau sold 1,000 shares of Synnex stock. The shares were sold at an average price of $103.04, for a total transaction of $103,040.00.
  • 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 traded up $0.42 during trading on Tuesday, reaching $103.89. 10,390 shares of the company traded hands, compared to its average volume of 304,738. Synnex has a 52-week low of $93.87 and a 52-week high of $141.94. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market cap of $4,137.70, a PE ratio of 11.25 and a beta of 0.97.

Synnex (NYSE:SNX) last issued its quarterly earnings data on Thursday, March 29th. The business services provider reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.03. Synnex had a net margin of 1.46% and a return on equity of 16.52%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s quarterly revenue was up 29.3% on a year-over-year basis. equities research analysts anticipate that Synnex will post 10.21 EPS for the current fiscal year.

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

Several large investors have recently modified their holdings of SNX. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 bought a new position in shares of Synnex in the 4th quarter worth approximately $252,000. BlueCrest Capital Management Ltd bought a new position in shares of Synnex in the 4th quarter worth approximately $280,000. Oakbrook Investments LLC lifted its stake in shares of 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 bought a new position in shares of Synnex in the 4th quarter worth approximately $348,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.

SNX has been the topic of a number of recent analyst reports. Pivotal Research reaffirmed a “hold” rating and set a $150.00 price target (up previously from $138.00) on shares of Synnex in a report on Wednesday, January 10th. Citigroup reaffirmed a “neutral” rating and set a $150.00 price target on shares of Synnex in a report on Wednesday, January 10th. Needham & Company LLC raised 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. Loop Capital raised 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. Finally, Zacks Investment Research raised shares of Synnex from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $140.63.

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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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