KD Logo

Semtech Corp. [SMTC] Investment Guide: What You Need to Know

In a filing, Semtech Corp. revealed its EVP and CFO Lin Mark acquired Company’s shares for reported $33232.0 on Apr 08 ’24. In the deal valued at $33.23 per share,1,000 shares were bought. As a result of this transaction, Lin Mark now holds 1,000 shares worth roughly $31970.0.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Summers Sylvia sold 16,000 shares, generating $358,304 in total proceeds. Upon selling the shares at $22.39, the Board of Directors now owns 13,008 shares.

Before that, Rodensky Michael W sold 18,227 shares. Semtech Corp. shares valued at $464,788 were divested by the SVP at a price of $25.50 per share. As a result of the transaction, Rodensky Michael W now holds 0 shares, worth roughly $0.0.

Craig Hallum reiterated its Semtech Corp. [SMTC] rating to a Buy in a research note published on June 06, 2024; the price target was $48. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Buy”‘ rating for it. The Benchmark Company also remained covering SMTC and has increased its forecast on October 19, 2023 with a “Buy” recommendation from previously “Hold” rating. Susquehanna revised its rating on September 14, 2023. It rated SMTC as “a Positive” which previously was an “a Neutral”.

Price Performance Review of SMTC

On Monday, Semtech Corp. [NASDAQ:SMTC] saw its stock jump 2.53% to $31.97. Over the last five days, the stock has lost -16.27%. Semtech Corp. shares have risen nearly 45.92% since the year began. Nevertheless, the stocks have risen 35.93% over the past one year. While a 52-week high of $46.86 was reached on 06/06/24, a 52-week low of $13.13 was recorded on 01/17/24. SMA at 50 days reached $36.32, while 200 days put it at $24.71. A total of 3.63 million shares were traded, compared to the trading of 6.64 million shares in the previous session.

Levels Of Support And Resistance For SMTC Stock

The 24-hour chart illustrates a support level at 30.26, which if violated will result in even more drops to 28.56. On the upside, there is a resistance level at 33.41. A further resistance level may holdings at 34.86. The Relative Strength Index (RSI) on the 14-day chart is 31.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.99%. Stochastics %K at 17.26% indicates the stock is a buying.

Most Popular