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 $100,350 were sold by Sherazi Imran on Jan 17 ’25. At $75.00 per share, Sherazi Imran sold 1,338 shares. The insider’s holdings dropped to 14 shares worth approximately $1064.0 following the completion of this transaction.
Also, Silberstein Asaf sold 2,000 shares, netting a total of over 140,000 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 76,417 shares.
Before that, Sherazi Imran had added 1,338 shares to its account. In a trade valued at $100,350, the Officer bought Semtech Corp shares for $75.00 each.
As published in their initiating research note from UBS on January 17, 2025, Semtech Corp [SMTC] has been a Buy and the price target has been revised to $85. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of November 26, 2024, Craig Hallum has reiterated its “Buy” rating for SMTC. Earlier on August 28, 2024, Summit Insights downgraded its rating. Their new recommendation was “a Hold” for SMTC stock which previously was a “a Buy”.
Analyzing SMTC Stock Performance
During the last five days, there has been a surge of approximately 17.86%. Over the course of the year, Semtech Corp shares have jumped approximately 22.87%. Shares of the company reached a 52-week high of $79.52 on 01/22/25 and a 52-week low of $61.37 on 01/02/25. A 50-day SMA is recorded $61.65, while a 200-day SMA reached $43.55. Nevertheless, trading volume fell to 1.69 million shares from 1.64 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 74.27, which, if violated, would cause prices to drop to 72.54. In the upper region, resistance lies at 78.62. The next price resistance is at 81.25. RSI (Relative Strength Index) is 65.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.77, which suggests the price will increase in the coming days. Percent R is at 19.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
