NASDAQ:SMTC News 26 January 2026 - 2 February 2026

Semtech shares surged 9.4% to $87.21 by midday Monday, hitting a new 52-week high of $88.59. Trading volume topped the 30-day average as the stock outpaced a 3% gain in the broader semiconductor index. The jump followed last week’s launch of new AirLink 5G “RedCap” routers targeting industrial IoT markets. Investors are watching for updates at DistribuTECH 2026 in San Diego this week.

Semtech closed Friday up 0.5% at $80.52, rising another 1.3% to $81.57 in after-hours trading. Director Paul V. Walsh Jr sold 500 shares at $78.25 on Jan. 21 under a prearranged plan, retaining 25,279 shares. The stock approached its 52-week high as traders looked ahead to Wednesday’s Fed rate decision and a busy week for tech earnings.