Synaptics (NASDAQ:SYNA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Synaptics Incorporated (NASDAQ:SYNA) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $79.38 and traded as high as $79.38. Synaptics shares last traded at $77.23, with a volume of 264,645 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on SYNA. Rosenblatt Securities reduced their target price on Synaptics from $130.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Needham & Company LLC dropped their target price on shares of Synaptics from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Susquehanna reduced their price target on shares of Synaptics from $110.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. TD Cowen raised their price objective on shares of Synaptics from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, KeyCorp downgraded Synaptics from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.33.

Synaptics Stock Down 1.8 %

The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.02 and a current ratio of 4.49. The stock has a market cap of $3.09 billion, a PE ratio of 19.55 and a beta of 1.45. The company’s 50-day moving average price is $76.29 and its 200 day moving average price is $79.16.

Insiders Place Their Bets

In other news, insider Vikram Gupta sold 411 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $81.63, for a total value of $33,549.93. Following the transaction, the insider now owns 40,795 shares of the company’s stock, valued at $3,330,095.85. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Synaptics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Choreo LLC increased its stake in shares of Synaptics by 3.9% in the second quarter. Choreo LLC now owns 4,845 shares of the software maker’s stock worth $417,000 after purchasing an additional 180 shares in the last quarter. Arizona State Retirement System grew its position in shares of Synaptics by 2.1% during the second quarter. Arizona State Retirement System now owns 11,002 shares of the software maker’s stock worth $970,000 after purchasing an additional 229 shares in the last quarter. Diversified Trust Co raised its stake in Synaptics by 6.7% during the 3rd quarter. Diversified Trust Co now owns 3,997 shares of the software maker’s stock valued at $310,000 after purchasing an additional 251 shares during the period. GAMMA Investing LLC lifted its holdings in Synaptics by 261.8% in the 3rd quarter. GAMMA Investing LLC now owns 369 shares of the software maker’s stock worth $29,000 after purchasing an additional 267 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Synaptics by 3.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,357 shares of the software maker’s stock worth $737,000 after purchasing an additional 299 shares during the period. Institutional investors own 99.43% of the company’s stock.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.