Semtech Corp’s recently made public that its EVP and CFO Lin Mark unloaded Company’s shares for reported $0.18 million on Jan 29 ’25. In the deal valued at $59.45 per share,2,990 shares were sold. As a result of this transaction, Lin Mark now holds 5,446 shares worth roughly $0.2 million.
Then, Lin Mark bought 2,990 shares, generating $183,047 in total proceeds.
Before that, Sherazi Imran sold 1,338 shares. Semtech Corp shares valued at $100,350 were divested by the SVP and GM at a price of $75.00 per share. As a result of the transaction, Sherazi Imran now holds 14 shares, worth roughly $513.38.
UBS initiated its Semtech Corp [SMTC] rating to a Buy in a research note published on January 17, 2025; the price target was $85. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum also remained covering SMTC and reiterated its “Buy” recommendation on November 26, 2024. Summit Insights revised its rating on August 28, 2024. It rated SMTC as “a Hold” which previously was an “a Buy”.
Price Performance Review of SMTC
On Friday, Semtech Corp [NASDAQ:SMTC] saw its stock fall -1.16% to $36.67. Over the last five days, the stock has lost -1.90%. Semtech Corp shares have fallen nearly -40.71% since the year began. Nevertheless, the stocks have risen 82.44% over the past one year. While a 52-week high of $79.52 was reached on 01/22/25, a 52-week low of $19.76 was recorded on 02/24/25. SMA at 50 days reached $60.04, while 200 days put it at $45.47.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 35.47, which if violated will result in even more drops to 34.26. On the upside, there is a resistance level at 37.67. A further resistance level may holdings at 38.67. The Relative Strength Index (RSI) on the 14-day chart is 29.59, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.69%. Stochastics %K at 5.49% indicates the stock is a buying.
The most recent change occurred on June 06, 2024 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $48.
