Semtech Corporation reported an insider transaction and a set of recent analyst reactions that together offer a snapshot of current investor-facing developments at the company. According to a Form 4 filing with the Securities and Exchange Commission, Asaf Silberstein, Executive Vice President and Chief Operating Officer, sold 5,000 shares of Semtech common stock on January 22, 2026 at a per-share price of $83.00.
The filing states the transaction totaled $415,000. After the sale, Silberstein directly owns 88,496 shares. Those shares are held by The Silberstein Family Trust DTD 07/11/2016, for which Silberstein serves as Trustee. The sale was executed pursuant to a Rule 10b5-1 trading plan that Silberstein adopted on September 5, 2025.
In parallel with the disclosure of the insider sale, Semtech has released quarterly results and guidance that have drawn commentary from several brokerages. The company reported fiscal third-quarter results in which revenue and non-GAAP earnings per share slightly exceeded prior estimates published by Stifel.
Despite those modest beats, guidance for the upcoming quarter was described as falling short of expectations, an outcome UBS attributed to product mix issues. The guidance shortfall and the product mix note were explicitly cited in UBS commentary.
Brokerage positions following the quarter show continued positive ratings from several firms. Stifel and UBS both maintained Buy ratings on the stock, with Stifel’s price target set at $80 and UBS’s target set at $85. Piper Sandler raised its price target to $95, citing the potential influence of Semtech’s Internet of Things business on earnings per share. Benchmark also increased its target to $85 while keeping a Buy rating, and Stifel highlighted Semtech’s emphasis on high-growth areas as a constructive element for the company’s outlook.
Taken together, the insider sale and the analyst commentary form the immediate public record of recent activity surrounding Semtech. The company’s quarter delivered slight upside relative to one set of prior estimates but left guidance below expectations due to product mix, while multiple brokers retained Buy ratings and adjusted price targets based on their assessments of Semtech’s business areas, including its IoT operations.
Clear summary
Asaf Silberstein sold 5,000 shares of Semtech on January 22, 2026 for $83.00 per share, a $415,000 transaction executed under a Rule 10b5-1 plan. After the sale he holds 88,496 shares through The Silberstein Family Trust DTD 07/11/2016. Semtech’s fiscal third-quarter results slightly beat Stifel’s prior estimates for revenue and non-GAAP EPS, but guidance for the upcoming quarter missed expectations due to product mix issues noted by UBS. Multiple brokerages kept Buy ratings and set price targets ranging from $80 to $95, with Piper Sandler the most bullish on potential IoT-driven EPS upside.
Key points
- Insider transaction: Asaf Silberstein sold 5,000 shares on January 22, 2026 at $83.00 per share, totaling $415,000, and retains 88,496 shares held via The Silberstein Family Trust DTD 07/11/2016 where he is Trustee.
- Quarterly results and guidance: Semtech’s fiscal third-quarter revenue and non-GAAP EPS slightly exceeded Stifel’s prior estimates, while guidance for the next quarter fell short of expectations due to product mix issues noted by UBS.
- Analyst reaction: Stifel and UBS maintained Buy ratings with price targets of $80 and $85 respectively; Piper Sandler raised its target to $95 citing IoT business potential; Benchmark raised its target to $85 while retaining a Buy rating.
Risks and uncertainties
- Guidance shortfall: The company’s guidance for the upcoming quarter did not meet expectations, a development that could affect near-term market sentiment - relevant to equity investors and capital markets.
- Product mix issues: UBS specifically attributed the guidance miss to product mix challenges, an operational factor that can influence revenue composition and margin outcomes - relevant to operations and semiconductor end markets.
- Mixed quarterly performance: While certain metrics slightly beat Stifel’s estimates, the overall results were described as mixed by brokerages, leaving room for divergence in analyst views and investor reactions - relevant to investors and sell-side coverage.