Semtech Corp’s filing revealed 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 $0.46 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 $0.21 million.
Craig Hallum reiterated its Semtech Corp [SMTC] rating to a Buy in a research note published on March 14, 2025; the price target was $55. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Needham also remained covering SMTC and reiterated its “Buy” recommendation on November 26, 2024. Craig Hallum maintained its rating on November 26, 2024. It rated SMTC as “a Buy”.
Price Performance Review of SMTC
On Monday, Semtech Corp [NASDAQ:SMTC] saw its stock fall -0.43% to $39.43. Over the last five days, the stock has gained 25.41%. Semtech Corp shares have fallen nearly -36.25% since the year began. Nevertheless, the stocks have risen 70.32% 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 $51.48, while 200 days put it at $45.15.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 38.18, which if violated will result in even more drops to 36.93. On the upside, there is a resistance level at 40.64. A further resistance level may holdings at 41.84. The Relative Strength Index (RSI) on the 14-day chart is 48.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.98%. Stochastics %K at 71.76% indicates the stock is a holding.
How much short interest is there in Semtech Corp?
A steep rise in short interest was recorded in Semtech Corp stocks on 2025-02-28, dropping by -0.17 million shares to a total of 7.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.21 million shares. There was a decline of -2.36%, which implies that there is a negative sentiment for the stock.
