Semtech (NASDAQ:SMTC) Shares Down 7.6% Following Insider Selling

Posted by Francis Steltz on Sep 16th, 2026

Semtech Corporation (NASDAQ:SMTC – Get Free Report)’s stock price traded down 7.6% on Monday after an insider sold shares in the company. The company traded as low as $151.32 and last traded at $154.5050. 430,377 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 2,739,300 shares. The stock had previously closed at $167.24.

Specifically, CFO Mark Lin sold 683 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $159.90, for a total value of $109,211.70. Following the transaction, the chief financial officer owned 35,366 shares in the company, valued at $5,655,023.40. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Hou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $138.71, for a total value of $277,420.00. Following the sale, the chief executive officer directly owned 60,799 shares of the company’s stock, valued at approximately $8,433,429.29. This represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Semtech news, Director Julie Ruehl sold 1,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the completion of the sale, the director directly owned 7,140 shares of the company’s stock, valued at approximately $1,035,300. This trade represents a 17.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SMTC shares. New Street Research set a $230.00 price target on Semtech in a report on Thursday, August 20th. B. Riley Financial boosted their price target on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. TD Cowen raised their price objective on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 price objective on the stock in a report on Thursday, August 27th. Finally, Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Fifteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.71.

Check Out Our Latest Research Report on Semtech

Semtech Trading Up 2.6%

The company has a market cap of $14.08 billion, a price-to-earnings ratio of 99.94 and a beta of 2.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The business’s 50-day simple moving average is $134.51 and its 200-day simple moving average is $124.44.

Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. 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 business earned $0.41 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Research analysts predict that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Semtech

Large investors have recently bought and sold shares of the stock. Leonteq Securities AG grew its position in shares of Semtech by 11.2% during the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 118 shares during the last quarter. Corient Private Wealth LP lifted its position in Semtech by 4.0% in the 2nd quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock valued at $515,000 after purchasing an additional 122 shares during the last quarter. Stephens Inc. AR boosted its stake in Semtech by 3.3% during the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after purchasing an additional 142 shares during the period. ABS Investment Management LLC acquired a new position in Semtech during the 2nd quarter valued at about $178,035,000. Finally, FNY Investment Advisers LLC grew its position in Semtech by 900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter.

Semtech Company Profile

(Get Free Report)

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.