Synnex Corp. (NYSE:SNX) insider Peter Larocque sold 2,600 shares of the company’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $105.82, for a total transaction of $275,132.00. Following the sale, the insider now directly owns 14,303 shares of the company’s stock, valued at approximately $1,513,543.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Peter Larocque also recently made the following trade(s): On Wednesday, October 12th, Peter Larocque sold 9,551 shares of Synnex Corp. stock. The stock was sold at an average price of $106.62, for a total transaction of $1,018,327.62. On Friday, October 7th, Peter Larocque sold 2,400 shares of Synnex Corp. stock. The stock was sold at an average price of $111.28, for a total transaction of $267,072.00.
Synnex Corp. (NYSE:SNX) opened at 104.23 on Tuesday. The firm has a 50-day moving average of $107.34 and a 200-day moving average of $96.50. Synnex Corp. has a 52-week low of $75.87 and a 52-week high of $118.80. The firm has a market cap of $4.15 billion, a PE ratio of 19.64 and a beta of 1.10.
Synnex Corp. (NYSE:SNX) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.17. Synnex Corp. had a return on equity of 13.47% and a net margin of 1.54%. The business earned $3.67 billion during the quarter. During the same quarter in the prior year, the business earned $1.47 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Synnex Corp. will post $6.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Synnex Corp.’s previous quarterly dividend of $0.20. Synnex Corp.’s dividend payout ratio (DPR) is currently 18.83%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Synnex Corp. by 17.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 25,700 shares of the company’s stock worth $2,437,000 after buying an additional 3,895 shares in the last quarter. AXA purchased a new position in shares of Synnex Corp. during the first quarter worth $2,037,000. Teachers Advisors Inc. boosted its position in shares of Synnex Corp. by 2.7% in the first quarter. Teachers Advisors Inc. now owns 42,554 shares of the company’s stock worth $3,940,000 after buying an additional 1,130 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Synnex Corp. by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,158 shares of the company’s stock worth $4,274,000 after buying an additional 1,555 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Synnex Corp. during the second quarter worth $22,606,000. Institutional investors and hedge funds own 75.36% of the company’s stock.
SNX has been the subject of a number of research reports. Zacks Investment Research raised shares of Synnex Corp. from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Friday, September 9th. Brean Capital reissued a “buy” rating and set a $124.00 price target (up previously from $108.00) on shares of Synnex Corp. in a research report on Wednesday, September 28th. Citigroup Inc. boosted their price target on shares of Synnex Corp. from $103.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, September 27th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Synnex Corp. in a research report on Friday, July 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Synnex Corp. in a research report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.71.
About Synnex Corp.