Smart Money Is Betting Big In SMTC Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on Semtech (NASDAQ:SMTC) through options trading. Analysis revealed 8 unusual trades, with 6 calls valued at $193,326 and 2 puts valued at $78,580. The targeted price range for Semtech is between $15.0 and $39.0. Despite a recent price drop of -19.37% to $30.62, analysts maintain a positive outlook with an average target price of $51.6.
June 07, 2024 | 2:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Semtech has seen significant bullish options activity, with 6 calls and 2 puts indicating a targeted price range of $15.0 to $39.0. Despite a recent price drop, analysts maintain a positive outlook with an average target price of $51.6.
The significant bullish options activity, combined with positive analyst ratings and target prices, suggests a potential short-term price increase for Semtech. The recent price drop may present a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100