Matthew Miau Sells 500 Shares of Synnex (SNX) Stock

Synnex (NYSE:SNX) Director Matthew Miau sold 500 shares of the firm’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $97.95, for a total transaction of $48,975.00. Following the completion of the sale, the director now directly owns 375,357 shares in the company, valued at approximately $36,766,218.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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  • On Monday, January 22nd, Matthew Miau sold 2,000 shares of Synnex stock. The stock was 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 stock was sold at an average price of $130.30, for a total transaction of $104,240,000.00.

Shares of SNX opened at $95.31 on Friday. The stock has a market cap of $3,925.14, a PE ratio of 10.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.48. Synnex has a 1-year low of $94.33 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, beating analysts’ consensus estimates of $2.11 by $0.03. The firm had revenue of $4.55 billion for 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 quarter in the previous year, the firm posted $1.82 EPS. research analysts expect that Synnex will post 10.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 12th. Synnex’s payout ratio is 15.80%.

A number of equities research analysts have issued reports on SNX shares. Pivotal Research set a $135.00 price target on shares of Synnex and gave the stock a “buy” rating in a report on Monday, April 2nd. Citigroup reissued a “neutral” rating and issued a $150.00 price target on shares of Synnex in a report on Wednesday, January 10th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price target (down previously from $152.00) on shares of Synnex in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Synnex from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, ValuEngine lowered shares of Synnex from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $140.63.

Several institutional investors and hedge funds have recently made changes to their positions in SNX. BlackRock Inc. boosted its stake in shares of Synnex by 8.1% during the 4th quarter. BlackRock Inc. now owns 3,582,707 shares of the business services provider’s stock valued at $487,070,000 after purchasing an additional 269,430 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Synnex by 541.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 205,406 shares of the business services provider’s stock valued at $27,925,000 after purchasing an additional 173,406 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Synnex by 143.2% during the 4th quarter. Mawer Investment Management Ltd. now owns 271,600 shares of the business services provider’s stock valued at $36,924,000 after purchasing an additional 159,900 shares in the last quarter. Shellback Capital LP boosted its stake in shares of Synnex by 457.1% during the 4th quarter. Shellback Capital LP now owns 140,401 shares of the business services provider’s stock valued at $19,088,000 after purchasing an additional 115,201 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Synnex by 1,069.4% during the 4th quarter. Capital Analysts LLC now owns 97,917 shares of the business services provider’s stock valued at $8,125,000 after purchasing an additional 89,544 shares in the last quarter. 71.84% of the stock is currently 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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