Semtech Corp’s recently made public that its EVP and CFO Lin Mark unloaded Company’s shares for reported $34890.0 on Apr 01 ’25. In the deal valued at $34.44 per share,1,013 shares were sold. As a result of this transaction, Lin Mark now holds 14,114 shares worth roughly $0.4 million.
Then, Lin Mark bought 1,013 shares, generating $35,247 in total proceeds.
Before that, Lin Mark sold 2,907 shares. Semtech Corp shares valued at $109,626 were divested by the EVP and CFO at a price of $37.71 per share. As a result of the transaction, Lin Mark now holds 13,481 shares, worth roughly $0.38 million.
Morgan Stanley initiated its Semtech Corp [SMTC] rating to an Equal-weight in a research note published on April 07, 2025; the price target was $30. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Buy”‘ rating for it. UBS began covering SMTC with “Buy” recommendation on January 17, 2025. Needham 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 jump 1.07% to $28.31. Over the last five days, the stock has lost -17.70%. Semtech Corp shares have fallen nearly -54.23% since the year began. Nevertheless, the stocks have fallen -14.37% over the past one year. While a 52-week high of $79.52 was reached on 01/22/25, a 52-week low of $25.17 was recorded on 04/04/25. SMA at 50 days reached $41.49, while 200 days put it at $45.29.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 25.57, which if violated will result in even more drops to 22.82. On the upside, there is a resistance level at 31.08. A further resistance level may holdings at 33.84. The Relative Strength Index (RSI) on the 14-day chart is 32.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.71%. Stochastics %K at 12.00% indicates the stock is a buying.
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.
The most recent change occurred on November 26, 2024 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $70.
