Semtech (SMTC) stock holds near highs after insider sale filing — what to watch this week
Semtech closed Friday up 0.5% at $80.52, rising another 1.3% to $81.57 in after-hours trading. Director Paul V. Walsh Jr sold 500 shares at $78.25 on Jan. 21 under a prearranged plan, retaining 25,279 shares. The stock approached its 52-week high as traders looked ahead to Wednesday’s Fed rate decision and a busy week for tech earnings.