Why Semtech (SMTC) Stock Is Down Today

Semtech Corporation (SMTC) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be broad semiconductor weakness rather than a fresh company-specific setback. This could be because traders were reducing exposure to chip names ahead of a high-stakes week for AI and semiconductor earnings, while Semtech also faces near-term event risk with its own fiscal second-quarter report due around now.

Details:

Semtech announced on August 11 that it would host its fiscal second-quarter 2027 conference call, putting investors in a wait-and-see mode ahead of results.

Chip stocks were broadly under pressure on August 24 as investors pulled back from the group before a closely watched earnings report from a major AI bellwether later in the week.

Semtech does not appear to have released new negative operating news today on its investor relations page, which makes a sector-led move more likely.

Recent company updates have been strategically constructive, including a definitive agreement announced August 13 to sell the cellular module business for cash and sharpen focus on data center and LoRa connectivity, so today’s decline looks more like risk-off positioning than a direct response to that deal.

Sources:

Semtech Investor Relations, AP News, Yahoo Finance

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 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.

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

ASAF SILBERSTEIN (EVP and COO) has made 0 purchases and 9 sales selling 18,500 shares for an estimated $2,599,438.
HONG Q HOU (President and CEO) has made 0 purchases and 6 sales selling 17,605 shares for an estimated $2,515,827.
MARK LIN (EVP and CFO) has made 0 purchases and 5 sales selling 23,380 shares for an estimated $1,960,606.
JOHN MICHAEL WILSON (Chief Quality Officer and CTO) sold 5,500 shares for an estimated $935,000
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

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.

$SMTC Hedge Fund Activity

We have seen 354 institutional investors add shares of $SMTC stock to their portfolio, and 248 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added 17,344,126 shares (+16868.8%) to their portfolio in Q2 2026, for an estimated $2,807,146,793
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

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, 1 have been purchases and 1 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 1 purchase worth up to $15,000 on 03/03 and 1 sale worth up to $15,000 on 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.