Semtech Corp’s filing revealed that its EVP and COO Silberstein Asaf unloaded Company’s shares for reported $60000.0 on Aug 28 ’25. In the deal valued at $60.00 per share,1,000 shares were sold. As a result of this transaction, Silberstein Asaf now holds 104,996 shares worth roughly $6.47 million.
Then, Silberstein Asaf sold 1,000 shares, generating $58,418 in total proceeds. Upon selling the shares at $58.42, the EVP and COO now owns 103,996 shares.
Before that, Fischer Gregory Michael sold 1,500 shares. Semtech Corp shares valued at $87,653 were divested by the Director at a price of $58.44 per share. As a result of the transaction, Fischer Gregory Michael now holds 3,891 shares, worth roughly $0.24 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 Tuesday, Semtech Corp [NASDAQ:SMTC] saw its stock jump 1.58% to $61.58. Over the last five days, the stock has gained 6.61%. Semtech Corp shares have risen nearly 46.03% since the year began. Nevertheless, the stocks have fallen -0.44% over the past one year. While a 52-week high of $79.52 was reached on 01/22/25, a 52-week low of $24.05 was recorded on 04/21/25.
Levels Of Support And Resistance For SMTC Stock
The 24-hour chart illustrates a support level at 60.61, which if violated will result in even more drops to 59.63. On the upside, there is a resistance level at 62.43. A further resistance level may holdings at 63.28.
How much short interest is there in Semtech Corp?
A steep rise in short interest was recorded in Semtech Corp stocks on 2025-08-15, dropping by -0.63 million shares to a total of 8.78 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-15 was 9.41 million shares. There was a decline of -7.2%, 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.
