The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Semtech Corp shares valued at $133,880 were purchased by Silberstein Asaf on Jan 15 ’25. At $66.94 per share, Silberstein Asaf acquired 2,000 shares.
Also, Lin Mark sold 1,359 shares, netting a total of over 88,534 in proceeds. Following the sale of shares at $65.15 each, the insider now holds 4,164 shares.
Before that, Lin Mark had added 1,359 shares to its account. In a trade valued at $85,889, the Officer bought Semtech Corp shares for $63.20 each.
As published in a research note from Needham on November 26, 2024, Semtech Corp [SMTC] has been retained to a Buy and the price target has been revised to $70. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of August 28, 2024, Summit Insights has decreased its “Buy” rating to a “Hold” for SMTC. Earlier on June 06, 2024, Craig Hallum resumed its rating. Their recommendation was “a Buy” for SMTC stock.
Analyzing SMTC Stock Performance
During the last five days, there has been a surge of approximately 11.30%. Over the course of the year, Semtech Corp shares have jumped approximately 17.24%. Shares of the company reached a 52-week high of $73.96 on 01/15/25 and a 52-week low of $61.37 on 01/02/25. A 50-day SMA is recorded $59.37, while a 200-day SMA reached $42.67. Nevertheless, trading volume fell to 4.27 million shares from 0.94 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 67.83, which, if violated, would cause prices to drop to 63.16. In the upper region, resistance lies at 75.57. The next price resistance is at 78.64. RSI (Relative Strength Index) is 66.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.16, which suggests the price will increase in the coming days. Percent R is at 11.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
