Synaptics (NASDAQ:SYNA) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Synaptics Incorporated (NASDAQ:SYNA - Get Free Report) shares passed 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 trading hands.

Wall Street Analyst Weigh In

SYNA has been the subject of several analyst reports. TD Cowen increased their price target on shares of Synaptics from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Rosenblatt Securities decreased their target price on shares of Synaptics from $130.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, November 8th. KeyCorp downgraded Synaptics from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Susquehanna decreased their price objective on Synaptics from $110.00 to $95.00 and set a "positive" rating for the company in a report on Monday, October 21st. Finally, Needham & Company LLC reduced their target price on Synaptics from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Synaptics has an average rating of "Moderate Buy" and an average price target of $97.33.

Synaptics Stock Down 1.8 %

The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 19.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.49 and a quick ratio of 4.02. The business has a fifty day moving average price of $76.29 and a two-hundred day moving average price of $79.26.

Insider Buying and Selling

In other Synaptics news, insider Vikram Gupta sold 411 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $81.63, for a total value of $33,549.93. Following the sale, the insider now directly owns 40,795 shares of the company's stock, valued at approximately $3,330,095.85. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Synaptics

Several institutional investors and hedge funds have recently modified their holdings of SYNA. GAMMA Investing LLC raised its position in Synaptics by 261.8% during the third quarter. GAMMA Investing LLC now owns 369 shares of the software maker's stock valued at $29,000 after acquiring an additional 267 shares in the last quarter. Quarry LP acquired a new stake in shares of Synaptics during the 3rd quarter worth approximately $31,000. CWM LLC increased its holdings in shares of Synaptics by 58.1% during the 3rd quarter. CWM LLC now owns 1,151 shares of the software maker's stock valued at $89,000 after purchasing an additional 423 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Synaptics in the 3rd quarter valued at $132,000. Finally, nVerses Capital LLC purchased a new stake in Synaptics during the second quarter worth $141,000. Institutional investors and hedge funds own 99.43% of the company's stock.

About Synaptics

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.