Traders Purchase High Volume of Semtech Call Options (NASDAQ:SMTC)

Posted by George Bondi on Aug 27th, 2026

Semtech Corporation (NASDAQ:SMTC – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders purchased 8,300 call options on the company. This is an increase of 84% compared to the typical volume of 4,502 call options.

More Semtech News

Here are the key news stories impacting Semtech this week:

Positive Sentiment: Quarterly results beat expectations. Fiscal Q2 revenue rose 32.7% year over year to $341.9 million, exceeding the $328.7 million consensus estimate, while adjusted EPS of $0.71 topped expectations near $0.61 and increased from $0.41 a year earlier. Semtech Announces Second Quarter of Fiscal Year 2027 Results
Positive Sentiment: Outlook substantially exceeded consensus. Semtech forecast fiscal Q3 revenue of approximately $410 million, compared with analysts’ expectations of about $359 million, and adjusted diluted EPS of roughly $1.05 versus consensus near $0.69. The guidance implies continued sequential growth and supported the stock’s advance. Semtech Dumps Cellular Business to Double Down on Data Centers
Positive Sentiment: Data-center momentum is strengthening. Management highlighted a 1.6-terabit data-center product ramp, record backlog and a 91% increase in data-center sales, benefiting from AI infrastructure demand. Capacity expansion and tight GaN supply could support additional growth. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth
Positive Sentiment: Analyst sentiment improved. Multiple analysts raised their price targets following the earnings report, while Needham and Susquehanna reiterated Buy ratings with targets of $200 and $200–$215. Increased call-option activity also reflects bullish near-term positioning. Analysts Revise Forecasts After Upbeat Q2 Results
Neutral Sentiment: Semtech’s planned cellular-business divestiture is intended to concentrate resources on data centers and create a structural margin benefit, though execution and the timing of the portfolio transition remain important risks.
Negative Sentiment: Some recent disclosures show substantial insider selling, with executives reporting sales but no purchases over the past six months. The company also continues to post a negative GAAP net margin, factors that may temper enthusiasm despite the stronger outlook.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Craig Hallum increased their target price on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Mizuho set a $225.00 price target on shares of Semtech in a research report on Wednesday, May 27th. Zacks Research cut shares of Semtech from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Semtech in a report on Thursday, June 18th. Finally, Benchmark reiterated a “buy” rating on shares of Semtech in a research note on Thursday, August 20th. Fourteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.44.

Get Our Latest Analysis on Semtech

Insiders Place Their Bets

In other Semtech news, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the sale, the chief operating officer directly owned 96,862 shares in the company, valued at $12,378,963.60. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value of $294,093.60. Following the transaction, the executive vice president directly owned 8,611 shares in the company, valued at $1,118,568.90. This represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,734 shares of company stock valued at $3,133,986. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of large investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd purchased a new position in shares of Semtech in the second quarter worth $162,000,000. California State Teachers Retirement System boosted its position in Semtech by 16,868.8% during the 2nd quarter. California State Teachers Retirement System now owns 17,446,944 shares of the semiconductor company’s stock valued at $2,823,788,000 after buying an additional 17,344,126 shares during the period. Vanguard Group Inc. grew its holdings in Semtech by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock worth $873,842,000 after acquiring an additional 298,987 shares during the last quarter. BlackRock Inc. bought a new stake in Semtech in the 2nd quarter worth $1,577,947,000. Finally, Ameriprise Financial Inc. increased its position in shares of Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the period.

Semtech Stock Up 10.4%

Shares of NASDAQ:SMTC opened at $140.80 on Thursday. The firm has a fifty day moving average price of $135.94 and a two-hundred day moving average price of $118.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. Semtech has a one year low of $55.18 and a one year high of $177.35. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 93.25 and a beta of 2.35.

Semtech (NASDAQ:SMTC – Get Free Report) last announced its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 23.54% and a net margin of 13.11%.The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts anticipate that Semtech will post 1.81 EPS for the current fiscal year.

Semtech Company Profile

(Get Free Report)

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.