Semtech Corp’s filing revealed that its EVP and CFO Lin Mark unloaded Company’s shares for reported $43792.0 on Jul 01 ’25. In the deal valued at $43.84 per share,999 shares were sold. As a result of this transaction, Lin Mark now holds 17,211 shares worth roughly $0.83 million.
Then, Lin Mark bought 999 shares, generating $44,396 in total proceeds.
Before that, Silberstein Asaf sold 2,000 shares. Semtech Corp shares valued at $85,970 were divested by the EVP and COO at a price of $42.98 per share. As a result of the transaction, Silberstein Asaf now holds 105,996 shares, worth roughly $5.1 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 Friday, Semtech Corp [NASDAQ:SMTC] saw its stock fall -0.95% to $48.1. Over the last five days, the stock has gained 7.27%. Semtech Corp shares have risen nearly 42.73% since the year began. Nevertheless, the stocks have fallen -22.23% 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 47.43, which if violated will result in even more drops to 46.77. On the upside, there is a resistance level at 48.58. A further resistance level may holdings at 49.07.
How much short interest is there in Semtech Corp?
A steep rise in short interest was recorded in Semtech Corp stocks on 2025-06-13, growing by 0.85 million shares to a total of 8.16 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 7.3 million shares. There was a rise of 10.45%, which implies that there is a positive 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.
