Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Semtech Corp shares valued at $377,639 were sold by Lin Mark on Mar 06 ’25. At $34.68 per share, Lin Mark sold 10,890 shares. The insider’s holdings dropped to 11,625 shares worth approximately $0.38 million following the completion of this transaction.
Also, Lin Mark purchased 10,890 shares, netting a total of over 383,981 in proceeds.
Before that, Lin Mark had sold 2,990 shares from its account. In a trade valued at $177,749, the EVP and CFO traded Semtech Corp shares for $59.45 each. Upon closing the transaction, the insider’s holdings decreased to 2,990 shares, worth approximately $0.18 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 -7.79%. Over the course of the year, Semtech Corp shares have dropped approximately -47.73%. Shares of the company reached a 52-week high of $79.52 on 01/22/25 and a 52-week low of $32.26 on 03/06/25. A 50-day SMA is recorded $55.49, while a 200-day SMA reached $45.34.
Support And Resistance Levels for Semtech Corp (SMTC)
According to the 24-hour chart, there is a support level at 31.01, which, if violated, would cause prices to drop to 29.70. In the upper region, resistance lies at 34.89. The next price resistance is at 37.46. RSI (Relative Strength Index) is 31.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.68, which suggests the price will decrease in the coming days. Percent R is at 99.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
