Trade Report: Today, Synnex Corp. (SNX) Insider Sold $267,072.00 in Stock

Today, Synnex Corp. (SNX) Insider Sold $267,072.00 in Stock

Synnex Corp. (NYSE:SNX) insider Peter Larocque sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $111.28, for a total value of $267,072.00. Following the sale, the insider now owns 17,293 shares in the company, valued at approximately $1,924,365.04. The sale 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 shares were sold at an average price of $106.62, for a total value of $1,018,327.62. On Thursday, October 13th, Peter Larocque sold 2,600 shares of Synnex Corp. stock. The shares were sold at an average price of $105.82, for a total value of $275,132.00.

Synnex Corp. (NYSE:SNX) opened at 104.85 on Monday. The company has a 50-day moving average price of $107.38 and a 200-day moving average price of $96.32. Synnex Corp. has a one year low of $75.87 and a one year high of $118.80. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 19.75 and a beta of 1.10.

Synnex Corp. (NYSE:SNX) last released its earnings results on Monday, September 26th. The company reported $1.73 earnings per share for the quarter, topping 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 had revenue of $3.67 billion for the quarter. During the same period last year, the business earned $1.47 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Synnex Corp. will post $6.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 12th. This is an increase from Synnex Corp.’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Synnex Corp.’s dividend payout ratio (DPR) is 18.83%.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Synnex Corp. by 12.2% in the second quarter. Vanguard Group Inc. now owns 2,935,569 shares of the company’s stock worth $278,350,000 after buying an additional 319,670 shares during the period. BlackRock Fund Advisors increased its stake in Synnex Corp. by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,425,615 shares of the company’s stock worth $135,177,000 after buying an additional 45,946 shares during the period. State Street Corp increased its stake in Synnex Corp. by 1.0% in the second quarter. State Street Corp now owns 900,446 shares of the company’s stock worth $85,379,000 after buying an additional 8,892 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Synnex Corp. by 2.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 883,556 shares of the company’s stock worth $83,779,000 after buying an additional 18,825 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Synnex Corp. by 52.1% in the second quarter. JPMorgan Chase & Co. now owns 786,864 shares of the company’s stock worth $74,611,000 after buying an additional 269,364 shares during the period. 75.36% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their target price on Synnex Corp. from $98.00 to $104.00 and gave the company a “hold” rating in a report on Tuesday, September 27th. Citigroup Inc. upped their target price on Synnex Corp. from $103.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, September 27th. Zacks Investment Research lowered Synnex Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Synnex Corp. in a report on Friday, June 24th. Finally, Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Synnex Corp. in a report on Saturday, June 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Synnex Corp. currently has a consensus rating of “Hold” and a consensus price target of $106.71.

About Synnex Corp.

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