Semtech Corp’s recent filing unveils that its EVP and CFO Lin Mark unloaded Company’s shares for reported $0.38 million on Mar 06 ’25. In the deal valued at $34.68 per share,10,890 shares were sold. As a result of this transaction, Lin Mark now holds 11,625 shares worth roughly $0.37 million.
Then, Lin Mark bought 10,890 shares, generating $383,981 in total proceeds.
Before that, Lin Mark sold 2,990 shares. Semtech Corp shares valued at $177,749 were divested by the EVP and CFO at a price of $59.45 per share. As a result of the transaction, Lin Mark now holds 5,446 shares, worth roughly $0.17 million.
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 Monday, Semtech Corp [NASDAQ:SMTC] saw its stock fall -6.15% to $31.44. Over the last five days, the stock has lost -11.64%. Semtech Corp shares have fallen nearly -49.17% since the year began. Nevertheless, the stocks have risen 34.82% over the past one year. While a 52-week high of $79.52 was reached on 01/22/25, a 52-week low of $21.56 was recorded on 03/07/25. SMA at 50 days reached $54.26, while 200 days put it at $45.26.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 30.53, which if violated will result in even more drops to 29.63. On the upside, there is a resistance level at 32.84. A further resistance level may holdings at 34.24. The Relative Strength Index (RSI) on the 14-day chart is 31.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.23%. Stochastics %K at 17.11% 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.
