Today, a Director at SYNNEX Corp (NYSE: SNX), Matthew Miau, bought shares of SNX for $9.4M.
Following this transaction Matthew Miau’s holding in the company was increased by 2.63% to a total of $790 million. In addition to Matthew Miau, 2 other SNX executives reported Buy trades in the last month.
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Based on SYNNEX Corp’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $4.91 billion and quarterly net profit of $68.62 million. In comparison, last year the company earned revenue of $4.28 billion and had a net profit of $74.47 million. SNX’s market cap is $3.2B and the company has a P/E ratio of 11.74. Currently, SYNNEX Corp has an average volume of 549.9K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $136.33, reflecting a 66.6% upside. Starting in January 2018, SNX received 16 Buy ratings in a row. Three different firms, including Needham and Stifel Nicolaus, currently also have a Buy rating on the stock.
The insider sentiment on SYNNEX Corp has been positive according to 111 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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SYNNEX Corp. engages in the provision of distribution, logistics, and integration services for the technology industry. It offers outsourced services focused on customer engagement strategy. It operates its business through the Technology Solutions and Concentrix segments.
