Is the Needle Ready to Move on SYNNEX Corporation (NYSE:SNX)?

After a recent check, shares of SYNNEX Corporation (NYSE:SNX) have been seen trading -2.42% off of the 50-day high and 19.30% away from the 50-day low. The Chief Operating Officer now owns $2,723,001 of the stock according to the SEC filing. Polk now owns $2,875,565 of stock as recorded in a recent Form 4 SEC filing. The value of the investment in (SNX) decreased from $17,031,000 to $2,711,000 a change of $14,320,000 since the last quarter. Schwab Charles Investment Management Inc. now owns 190,892 shares of the business services provider's stock worth $22,900,000 after buying an additional 3,903 shares during the last quarter. Finally, Invictus RG bought a new position in shares of Synnex Corporation during the 1st quarter valued at about $196,000. PNC Financial Services Group Inc. increased its position in shares of Synnex Corporation by 8.8% during the 1st quarter. Orrstown Financial Services Inc owns 95 shares with a value of $12,000. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday.

Shares of the company are trading at $131.25 which is slightly above $121.03, the stock's 50 day moving average and which is well above the 200 day moving average of $116.04.

The company now has a P/E ratio of 17.99 and the market value is 5.30B.

Synnex Corporation (NYSE:SNX) last released its earnings results on Thursday, June 22nd. The business services provider reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.97 by $0.19.

Synnex Corporation's stock has a beta of 1.07 making it more volatile than the market as a whole. The company had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. Synnex Corporation's revenue was up 16.5% on a year-over-year basis. Equities research analysts forecast that Synnex Corporation will post $8.76 earnings per share for the current year. The value of the company's investment in Synnex Corporation went from $0 to $4,000 increasing inf% for the reporting period. This represents a $1.20 annualized dividend and a yield of 0.90%.

On 3/28/2017 Synnex Corporation announced a quarterly dividend of $0.25 0.89% with an ex dividend date of 4/11/2017 which will be payable on 4/28/2017. Synnex Corp (SNX)'s Williams %R presently stands at -33.00. This buyback authorization authorizes the business services provider to repurchase up to 6.2% of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued. Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator". Following the completion of the sale, the director now directly owns 7,769 shares in the company, valued at approximately $940,748.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chief Operating Officer Dennis Polk sold 1,500 shares at an average price of $115.17 on Friday the 1st. The shares were sold at an average price of $119.47, for a total transaction of $408,109.52. The disclosure for this sale can be found here.

On 9/12/2017 Kevin M Murai, CEO, sold 2,000 with an average share price of $113.66 per share and the total transaction amounting to $227,320.00.

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A number of analysts have weighed in on the company.

On October 6, 2017 Pivotal Research began coverage of the stock setting a rating of "Hold". The shares were purchased at an average price of $115.17. Loop Capital assumed coverage on Synnex Corporation in a research report on Thursday, August 24th. They set a "hold" rating and a $137.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $135.00 price target on shares of Synnex Corporation in a research report on Monday, September 18th. ValuEngine raised shares of Synnex Corporation from a hold rating to a buy rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock.

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