The insider cluster is dominated by non-cash director equity events (restricted stock grants and derivative exercises), mixed with an EVP's small open-market sale. The negligible dollar amounts relative to $15.8B market cap mean this filing carries no actionable signal. Monitor for any insider open-market purchases at these elevated post-earnings levels if you want a bullish confirmation signal.
Price Chart
Executive Summary
Semtech insiders made one open-market sale ($328K by EVP Silberstein) plus non-cash director derivative exercises and grants (no economic value), and two director open-market sales ($1.05M total, 0.007% of $15.8B market cap). The cluster follows a strong Q1 earnings beat (record revenue +16% YoY) that led to a 10d-ago bullish 8-K filing. The sales are immaterial relative to market cap, and the derivative exercises/grants are non-cash. No material bearish signal from this cluster.
Key Financial Metrics
Key Facts
- Total open-market sales by insiders: $1.378M (EVP Silberstein $328K + Director Li $882K + Director Fischer $165K)
- All director derivative exercises and grants: $0 economic value (non-cash transactions)
- Total open-market sale value is ~0.009% of $15.8B market cap — trivial
- Cluster follows strong Q1 FY2027 earnings (record revenue $291M, +16% YoY, guidance above consensus)
- No insider open-market purchases in the cluster
Financial Impact
Open-market insider sales total $1.378M, representing 0.009% of market cap — economically insignificant
Risk Factors
- No material risk identified — insider sales are too small to signal any corporate concern
- Insider sales after a strong earnings report could be routine post-vesting diversification
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SMTC-1780690061013 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | Insider Cluster | $163.94 $167.55 | ▲ +2.20% | ▲ +2.86% | $198.05 (+20.81%) |
Sep 9, 2026 23d ago | Insider Cluster | $163.94 $167.55 | ▲ +2.20% | ▲ +2.86% | $198.05 (+20.81%) |
Aug 21, 2026 5w ago | Insider Cluster | $120.91 $132.96 | ▲ +9.97% | ▲ +9.50% | $198.05 (+63.80%) |
Aug 13, 2026 7w ago | 8-K | $133.58 $124.88 | ▼ −6.51% | ▼ −4.55% | $198.05 (+48.27%) |
Jul 16, 2026 11w ago | Insider Cluster | $124.96 $138.68 | ▲ +10.98% | ▲ +11.67% | $198.05 (+58.49%) |
Jul 14, 2026 11w ago | Insider Cluster | $135.22 $136.93 | ▲ +1.26% | ▲ +2.25% | $198.05 (+46.47%) |
Jul 9, 2026 12w ago | Insider Cluster | $136.13 $127.65 | ▼ −6.23% | ▼ −5.67% | $198.05 (+45.49%) |
Jul 6, 2026 12w ago | 8-K | $126.40 $141.36 | ▲ +11.84% | ▲ +11.28% | $198.05 (+56.69%) |
Jul 2, 2026 13w ago | Insider Cluster | $135.27 $137.50 | ▼ −1.65% | ▼ −0.72% | $198.05 (−46.41%) |
Jul 2, 2026 13w ago | Insider Cluster | $135.27 $137.50 | ▲ +1.65% | ▲ +0.72% | $198.05 (+46.41%) |
US Market Status
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