Semtech Gains as Investors Extend Post-Earnings, AI Optics Momentum

Semtech Corporation (SMTC) is up 6.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued momentum from Semtech’s late-August quarterly results, which showed record revenue, improving margins, and a much stronger third-quarter outlook. Fresh product news around high-speed optical connectivity for AI and hyperscale data centers likely added to the bullish tone, although there does not appear to be one single new filing today that fully explains the jump.

Details:

Semtech’s fiscal second-quarter 2027 results showed record net sales of $341.9 million, up 17% from the prior quarter and 33% from a year earlier.

The company guided for about $410 million in third-quarter sales, with adjusted gross margin around 58.3%, signaling another step up in growth and profitability.

Management highlighted accelerating bookings and record backlog, which suggests customers are still ordering strongly across the company’s priority markets.

This week, Semtech introduced a new 224G optical connectivity portfolio aimed at AI clusters and hyperscale data centers, reinforcing enthusiasm around its data-center exposure.

Sources:

SEC, Semtech Investor Relations, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SMTC Insider Trading Activity

$SMTC insiders have traded $SMTC stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.

Here’s a breakdown of recent trading of $SMTC stock by insiders over the last 6 months:

HONG Q HOU (President and CEO) has made 0 purchases and 7 sales selling 19,605 shares for an estimated $2,793,247.
ASAF SILBERSTEIN (EVP and COO) has made 0 purchases and 9 sales selling 18,500 shares for an estimated $2,599,438.
JOHN MICHAEL WILSON (Chief Quality Officer and CTO) sold 5,500 shares for an estimated $935,000
MARK LIN (EVP and CFO) has made 0 purchases and 2 sales selling 10,156 shares for an estimated $835,302.
JASON ELLIOT GREEN (EVP and CCO) has made 0 purchases and 2 sales selling 2,264 shares for an estimated $294,085.
PAUL V JR WALSH has made 0 purchases and 4 sales selling 2,000 shares for an estimated $227,675.
MARTIN BURVILL sold 2,500 shares for an estimated $222,448
JULIE GARCIA RUEHL sold 1,500 shares for an estimated $217,500

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SMTC Hedge Fund Activity

We have seen 355 institutional investors add shares of $SMTC stock to their portfolio, and 245 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 4,472,780 shares (-31.4%) from their portfolio in Q2 2026, for an estimated $723,919,443
AMERIPRISE FINANCIAL INC removed 3,999,464 shares (-53.7%) from their portfolio in Q2 2026, for an estimated $647,313,248
WHALE ROCK CAPITAL MANAGEMENT LLC removed 3,901,469 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $299,983,951
JANE STREET GROUP, LLC added 2,578,228 shares (+333.6%) to their portfolio in Q2 2026, for an estimated $417,286,201
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. removed 1,523,026 shares (-68.5%) from their portfolio in Q2 2026, for an estimated $246,501,758
DISCIPLINED GROWTH INVESTORS INC /MN removed 1,251,715 shares (-56.7%) from their portfolio in Q2 2026, for an estimated $202,590,072
CAPITAL RESEARCH GLOBAL INVESTORS removed 1,197,650 shares (-28.8%) from their portfolio in Q2 2026, for an estimated $193,839,652

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SMTC Congressional Stock Trading

Members of Congress have traded $SMTC stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SMTC stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/16, 06/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SMTC Price Targets

Multiple analysts have issued price targets for $SMTC recently. We have seen 13 analysts offer price targets for $SMTC in the last 6 months, with a median target of $200.0.

Here are some recent targets:

Sean O'Loughlin from TD Cowen set a target price of $215.0 on 06/22/2026
N. Quinn Bolton from Needham set a target price of $200.0 on 05/27/2026
Craig Ellis from Baird set a target price of $225.0 on 05/27/2026
Tore Svanberg from Stifel set a target price of $188.0 on 05/27/2026
Christopher Rolland from Susquehanna set a target price of $200.0 on 05/27/2026
Cody Acree from Benchmark set a target price of $230.0 on 05/27/2026
Craig Kennison from B. Riley Securities set a target price of $210.0 on 05/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.