Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Semtech Corp shares valued at $110,233 were purchased by Lin Mark on Mar 27 ’25. At $37.92 per share, Lin Mark acquired 2,907 shares.
Also, Mark Russell purchased 8,070 shares, netting a total of over 328,449 in proceeds.
Before that, Lin Mark had sold 10,890 shares from its account. In a trade valued at $377,639, the EVP and CFO traded Semtech Corp shares for $34.68 each. Upon closing the transaction, the insider’s holdings decreased to 10,890 shares, worth approximately $0.43 million.
As published in a research note from Craig Hallum on March 14, 2025, Semtech Corp [SMTC] has been retained to a Buy and the price target has been revised to $55. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of November 26, 2024, Needham has reiterated its “Buy” rating for SMTC. Earlier on November 26, 2024, Craig Hallum resumed its rating. Their recommendation was “a Buy” for SMTC stock.
Analyzing SMTC Stock Performance
During the last five days, there has been a drop of approximately -9.08%. Over the course of the year, Semtech Corp shares have dropped approximately -40.26%. Shares of the company reached a 52-week high of $79.52 on 01/22/25 and a 52-week low of $29.98 on 03/07/25. A 50-day SMA is recorded $47.32, while a 200-day SMA reached $45.22.
Support And Resistance Levels for Semtech Corp (SMTC)
According to the 24-hour chart, there is a support level at 36.37, which, if violated, would cause prices to drop to 35.80. In the upper region, resistance lies at 38.06. The next price resistance is at 39.18. RSI (Relative Strength Index) is 43.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 47.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
