Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Semtech Corp shares valued at $34,890 were sold by Lin Mark on Apr 01 ’25. At $34.44 per share, Lin Mark sold 1,013 shares. The insider’s holdings dropped to 14,114 shares worth approximately $0.38 million following the completion of this transaction.
Also, Lin Mark purchased 1,013 shares, netting a total of over 35,247 in proceeds.
Before that, Lin Mark had sold 2,907 shares from its account. In a trade valued at $109,626, the EVP and CFO traded Semtech Corp shares for $37.71 each. Upon closing the transaction, the insider’s holdings decreased to 2,907 shares, worth approximately $0.36 million.
As published in their initiating research note from Morgan Stanley on April 07, 2025, Semtech Corp [SMTC] has been an Equal-weight and the price target has been revised to $30. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in mid March. As of January 17, 2025, UBS has initiated its “Buy” rating for SMTC. Earlier on November 26, 2024, Needham 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 -9.12%. Over the course of the year, Semtech Corp shares have dropped approximately -56.35%. Shares of the company reached a 52-week high of $79.52 on 01/22/25 and a 52-week low of $24.72 on 04/08/25. A 50-day SMA is recorded $39.57, while a 200-day SMA reached $45.26.
Support And Resistance Levels for Semtech Corp (SMTC)
According to the 24-hour chart, there is a support level at 26.01, which, if violated, would cause prices to drop to 25.01. In the upper region, resistance lies at 28.57. The next price resistance is at 30.13. RSI (Relative Strength Index) is 35.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.66, which suggests the price will decrease in the coming days. Percent R is at 86.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
