Semtech Corp’s recent filing unveils that its EVP and CFO Lin Mark unloaded Company’s shares for reported $0.11 million on Mar 27 ’25. In the deal valued at $37.71 per share,2,907 shares were sold. As a result of this transaction, Lin Mark now holds 13,481 shares worth roughly $0.46 million.
Then, Lin Mark bought 2,907 shares, generating $110,233 in total proceeds.
Before that, Mark Russell bought 8,070 shares. Semtech Corp shares valued at $328,449 were divested by the Senior VP at a price of $40.70 per share.
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 -1.85% to $34.40. Over the last five days, the stock has lost -14.72%. Semtech Corp shares have fallen nearly -44.38% since the year began. Nevertheless, the stocks have risen 23.47% over the past one year. While a 52-week high of $79.52 was reached on 01/22/25, a 52-week low of $27.25 was recorded on 03/07/25. SMA at 50 days reached $45.88, while 200 days put it at $45.25.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 33.08, which if violated will result in even more drops to 31.75. On the upside, there is a resistance level at 35.19. A further resistance level may holdings at 35.97. The Relative Strength Index (RSI) on the 14-day chart is 39.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.23%. Stochastics %K at 35.55% 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 2025-03-14, dropping by -1.03 million shares to a total of 6.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.45 million shares. There was a decline of -15.99%, which implies that there is a negative sentiment for the stock.
