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Semtech Corp. [SMTC] Records 200-Day SMA of $25.13

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Semtech Corp. shares valued at $33,232 were purchased by Lin Mark on Apr 08 ’24. At $33.23 per share, Lin Mark acquired 1,000 shares. The insider’s holdings grew to 1,000 shares worth approximately $32200.000000000004 following the completion of this transaction.

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Also, Summers Sylvia sold 16,000 shares, netting a total of over 358,304 in proceeds. Following the sale of shares at $22.39 each, the insider now holds 13,008 shares.

Before that, Rodensky Michael W had sold 18,227 shares from its account. In a trade valued at $464,788, the SVP traded Semtech Corp. shares for $25.50 each. Upon closing the transaction, the insider’s holdings decreased to 18,227 shares, worth approximately $0.0.

As published in a research note from Craig Hallum on June 06, 2024, Semtech Corp. [SMTC] has been retained to a Buy and the price target has been revised to $48. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in early April. As of October 19, 2023, The Benchmark Company has increased its “Hold” rating to a “Buy” for SMTC. Earlier on September 14, 2023, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for SMTC stock which previously was a “a Neutral”.

Analyzing SMTC Stock Performance

During the last five days, there has been a surge of approximately 9.26%. Over the course of the year, Semtech Corp. shares have jumped approximately 46.96%. Shares of the company reached a 52-week high of $46.86 on 06/06/24 and a 52-week low of $18.16 on 01/17/24. A 50-day SMA is recorded $35.65, while a 200-day SMA reached $25.13. Nevertheless, trading volume fell to 0.71 million shares from 1.39 million shares the previous day.

Support And Resistance Levels for Semtech Corp. (SMTC)

According to the 24-hour chart, there is a support level at 31.87, which, if violated, would cause prices to drop to 31.46. In the upper region, resistance lies at 32.90. The next price resistance is at 33.52. RSI (Relative Strength Index) is 48.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.99, which suggests the price will increase in the coming days. Percent R is at 17.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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