SYNNEX Co. (NYSE:SNX) Director Kevin M. Murai Sells 4,275 Shares

Last updated on Friday, June 11, 2021 | 2021 MarketBeat

SYNNEX Co. (NYSE:SNX) Director Kevin M. Murai sold 4,275 shares of the stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $126.69, for a total value of $541,599.75. Following the sale, the director now owns 9,251 shares of the company's stock, valued at approximately $1,172,009.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

SNX traded up $2.51 during midday trading on Friday, hitting $129.48. 248,965 shares of the company were exchanged, compared to its average volume of 330,515. The business has a 50 day moving average of $123.43. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.73. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.70. SYNNEX Co. has a 1-year low of $38.64 and a 1-year high of $129.69.

SYNNEX (NYSE:SNX) last announced its quarterly earnings results on Sunday, March 21st. The business services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.20. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.70 billion. SYNNEX had a return on equity of 17.50% and a net margin of 2.03%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $3.26 EPS. On average, research analysts anticipate that SYNNEX Co. will post 7.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 15th. SYNNEX's dividend payout ratio is currently 5.85%.

Large investors have recently bought and sold shares of the company. Ellevest Inc. acquired a new stake in shares of SYNNEX during the 4th quarter valued at about $29,000. Pinebridge Investments L.P. acquired a new stake in shares of SYNNEX during the 1st quarter valued at about $34,000. Banque Cantonale Vaudoise grew its position in shares of SYNNEX by 164.0% during the 4th quarter. Banque Cantonale Vaudoise now owns 623 shares of the business services provider's stock valued at $51,000 after acquiring an additional 387 shares during the period. Captrust Financial Advisors grew its position in shares of SYNNEX by 54.5% during the 4th quarter. Captrust Financial Advisors now owns 669 shares of the business services provider's stock valued at $54,000 after acquiring an additional 236 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of SYNNEX by 1,750.0% during the 1st quarter. Lazard Asset Management LLC now owns 814 shares of the business services provider's stock valued at $93,000 after acquiring an additional 770 shares during the period. Hedge funds and other institutional investors own 76.11% of the company's stock.

A number of equities analysts recently issued reports on the company. TheStreet upgraded SYNNEX from a "c" rating to a "b-" rating in a research note on Tuesday, March 23rd. Barrington Research raised their target price on SYNNEX from $102.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on SYNNEX from $120.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, May 24th. Loop Capital raised their target price on SYNNEX from $108.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, March 23rd. Finally, Citigroup restated a "buy" rating and issued a $155.00 target price (up previously from $120.00) on shares of SYNNEX in a research note on Monday, May 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. SYNNEX currently has a consensus rating of "Buy" and an average target price of $125.44.

About SYNNEX

SYNNEX Corporation provides business process services in the United States and internationally. The company distributes peripherals; and information technology systems, including system components, software, networking, communications and security equipment, consumer electronics, and complementary products, as well as designs and integrates data center equipment.

Read More: Stock Market - What is a circuit breaker?

Insider Buying and Selling by Quarter for SYNNEX (NYSE:SNX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is a support level?


7 Low-Priced Dividend Stocks Under $10

The recent trading activity surrounding low-priced stocks like GameStop (NYSE:GME) is a reminder to investors of the high-risk nature involved with these stocks. Often when a stock trades for under $10 (also termed a penny stock), it is trading that low for a reason. The company may not be profitable, or in the case of GameStop, it finds itself with a business model that no longer fits with consumer trends.

But that’s not always the case. It is possible to find low-priced stocks, even penny stocks, that offer great value. This is particularly true if the stock offers investors a dividend. Dividend-earning stocks are a diversification source for a consumer’s portfolio, particularly if the dividend gets reinvested. It’s literally like paying yourself for owning the stock.

And the stocks in this presentation look ready also to deliver some additional stock price growth that can increase your total return.

View the "7 Low-Priced Dividend Stocks Under $10".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.