SMTC SEMTECH CORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2024: $0M, Q2 2024: $0M, Q1 2024: $50M, Q3 2023: $30M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $27M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $80M / FCF $6M = 1386% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 1,569,752 shares = 1.7% of 92,668,555 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $7M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 15669446.3x more than bought. 4 C-suite officers among sellers

• HOU HONG Q (President and CEO) sold 2,000 shares on 2026-08-07
• Silberstein Asaf (EVP and COO) sold 3,000 shares on 2026-07-14
• HOU HONG Q (President and CEO) sold 2,000 shares on 2026-07-10
• Silberstein Asaf (EVP and COO) sold 437 shares on 2026-07-08
• Silberstein Asaf (EVP and COO) sold 2,448 shares on 2026-07-08
• Silberstein Asaf (EVP and COO) sold 273 shares on 2026-07-08
• Silberstein Asaf (EVP and COO) sold 588 shares on 2026-07-08
• Silberstein Asaf (EVP and COO) sold 1,400 shares on 2026-07-08
• Silberstein Asaf (EVP and COO) sold 3,354 shares on 2026-07-08
• Lin Mark (EVP and CFO) sold 970 shares on 2026-07-01