Semtech Corp’s recent filing unveils that its EVP and CFO Lin Mark unloaded Company’s shares for reported $0.14 million on Jun 05 ’25. In the deal valued at $37.96 per share,3,774 shares were sold. As a result of this transaction, Lin Mark now holds 16,578 shares worth roughly $0.68 million.
Then, Silberstein Asaf sold 2,000 shares, generating $76,400 in total proceeds. Upon selling the shares at $38.20, the EVP and COO now owns 107,996 shares.
Before that, Silberstein Family Tr DTD 7/11 bought 2,000 shares. Semtech Corp shares valued at $76,000 were divested by the Officer at a price of $38.00 per share.
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 4.42% to $40.87. Over the last five days, the stock has lost -1.16%. Semtech Corp shares have fallen nearly -33.92% since the year began. Nevertheless, the stocks have risen 34.57% 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 40.17, which if violated will result in even more drops to 39.46. On the upside, there is a resistance level at 41.66. A further resistance level may holdings at 42.44.
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.
