Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Semtech Corp shares valued at $177,749 were sold by Lin Mark on Jan 29 ’25. At $59.45 per share, Lin Mark sold 2,990 shares. The insider’s holdings dropped to 5,446 shares worth approximately $0.36 million following the completion of this transaction.
Also, Lin Mark purchased 2,990 shares, netting a total of over 183,047 in proceeds.
Before that, Sherazi Imran had sold 1,338 shares from its account. In a trade valued at $100,350, the SVP and GM traded Semtech Corp shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,338 shares, worth approximately $930.4399999999999.
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 10.22%. Over the course of the year, Semtech Corp shares have jumped approximately 7.45%. 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 $65.10, while a 200-day SMA reached $45.18. Nevertheless, trading volume fell to 1.11 million shares from 1.92 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 64.76, which, if violated, would cause prices to drop to 63.06. In the upper region, resistance lies at 68.00. The next price resistance is at 69.55. RSI (Relative Strength Index) is 50.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.87, which suggests the price will decrease in the coming days. Percent R is at 49.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
