Insider Selling: Synnex (SNX) Director Sells $49,075.00 in Stock

Synnex (NYSE:SNX) Director Matthew Miau sold 500 shares of Synnex stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $98.15, for a total transaction of $49,075.00. Following the transaction, the director now directly owns 374,057 shares in the company, valued at approximately $36,713,694.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • 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 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 SNX opened at $104.06 on Friday. Synnex has a fifty-two week low of $93.87 and a fifty-two week high of $141.94. The firm has a market capitalization of $4,068.72, a P/E ratio of 11.74 and a beta of 0.97. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.



Synnex (NYSE:SNX) last announced its quarterly earnings results on Thursday, March 29th. The business services provider reported $2.14 earnings per share for the quarter, topping the 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 company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. Synnex’s quarterly revenue was up 29.3% on a year-over-year basis. analysts anticipate that Synnex will post 10.21 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Synnex by 48.2% in the fourth 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 last quarter. Zeke Capital Advisors LLC bought a new stake in Synnex in the fourth quarter worth $252,000. BlueCrest Capital Management Ltd bought a new stake in Synnex in the fourth quarter worth $280,000. Oakbrook Investments LLC increased its position in Synnex by 30.3% in the fourth 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 last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in Synnex in the fourth quarter worth $348,000. Institutional investors own 71.85% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Pivotal Research reiterated a “hold” rating and set a $150.00 price objective (up previously from $138.00) on shares of Synnex in a research report on Wednesday, January 10th. Loop Capital lifted their price objective on shares of Synnex from $1.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC lifted their price objective on shares of Synnex from $145.00 to $151.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Synnex from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research report on Saturday, January 13th. Finally, ValuEngine cut shares of Synnex from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Synnex has an average rating of “Buy” and an average price target of $140.63.

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About Synnex

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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