The CEO and COO sales are small and likely part of pre-arranged 10b5-1 plans following the strong earnings report. No bearish read-through — the company's fundamentals remain strong with record revenue and raised guidance. Monitor for any larger insider sales in the next 30 days that would break the pattern.
Price Chart
Executive Summary
Two senior executives at Semtech (CEO and COO) sold a combined $652K in open-market sales within a week of the company reporting record Q1 FY2027 results and strong guidance. The sales are small relative to the $14.8B market cap (0.004%) and follow a 10b5-1 pattern, making them routine portfolio adjustments rather than a bearish signal. The cluster is dominated by non-cash director grants and option exercises, which carry no economic signal.
Key Financial Metrics
Key Facts
- CEO Hou Hong Q sold 2,000 shares at $162.10 for $324K on June 5, 2026
- COO Silberstein Asaf sold 2,000 shares at $164.00 for $328K on June 3, 2026
- Total open-market sales of $652K represent ~0.004% of $14.8B market cap
- Eight directors received 1,180-share grants each on June 4, 2026 (non-cash, $0 value)
- Multiple directors exercised derivative securities on June 3, 2026 (non-cash, $0 value)
- Sales occurred 14 days after Semtech reported record Q1 FY2027 revenue of $291M (+16% YoY) and raised Q2 guidance above consensus
Financial Impact
Total insider sales of $652K, negligible relative to $14.8B market cap
Risk Factors
- CEO and COO both selling in the same week could be misinterpreted as a negative signal by the market
- If additional insider sales emerge without a 10b5-1 plan, sentiment could shift
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-1781035357696 |
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% | $194.88 (+18.87%) |
Sep 9, 2026 23d ago | Insider Cluster | $163.94 $167.55 | ▲ +2.20% | ▲ +2.86% | $194.88 (+18.87%) |
Aug 21, 2026 6w ago | Insider Cluster | $120.91 $132.96 | ▲ +9.97% | ▲ +9.50% | $194.88 (+61.18%) |
Aug 13, 2026 7w ago | 8-K | $133.58 $124.88 | ▼ −6.51% | ▼ −4.55% | $194.88 (+45.89%) |
Jul 16, 2026 11w ago | Insider Cluster | $124.96 $138.68 | ▲ +10.98% | ▲ +11.67% | $194.88 (+55.95%) |
Jul 14, 2026 11w ago | Insider Cluster | $135.22 $136.93 | ▲ +1.26% | ▲ +2.25% | $194.88 (+44.12%) |
Jul 9, 2026 12w ago | Insider Cluster | $136.13 $127.65 | ▼ −6.23% | ▼ −5.67% | $194.88 (+43.16%) |
Jul 6, 2026 12w ago | 8-K | $126.40 $141.36 | ▲ +11.84% | ▲ +11.28% | $194.88 (+54.18%) |
Jul 2, 2026 13w ago | Insider Cluster | $135.27 $137.50 | ▼ −1.65% | ▼ −0.72% | $194.88 (−44.07%) |
Jul 2, 2026 13w ago | Insider Cluster | $135.27 $137.50 | ▲ +1.65% | ▲ +0.72% | $194.88 (+44.07%) |
US Market Status
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