Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Semtech Corp shares valued at $183,047 were purchased by Lin Mark on Jan 29 ’25. At $61.22 per share, Lin Mark acquired 2,990 shares.
Also, Sherazi Imran sold 1,338 shares, netting a total of over 100,350 in proceeds. Following the sale of shares at $75.00 each, the insider now holds 14 shares.
Before that, Silberstein Asaf had sold 2,000 shares from its account. In a trade valued at $140,000, the EVP and COO traded Semtech Corp shares for $70.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $4.61 million.
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 drop of approximately -20.65%. Over the course of the year, Semtech Corp shares have dropped approximately -2.51%. Shares of the company reached a 52-week high of $79.52 on 01/22/25 and a 52-week low of $53.25 on 01/27/25. A 50-day SMA is recorded $63.16, while a 200-day SMA reached $44.34. Nevertheless, trading volume fell to 1.71 million shares from 2.7 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 58.90, which, if violated, would cause prices to drop to 57.49. In the upper region, resistance lies at 61.51. The next price resistance is at 62.71. RSI (Relative Strength Index) is 42.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.05, which suggests the price will decrease in the coming days. Percent R is at 73.17%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
