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.

Negative FCF ($-28M), buybacks not supported by cash flow

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

Repurchased 1,569,752 shares = 1.8% of 86,272,439 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 $5M 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 9402670.6x more than bought. 4 C-suite officers among sellers

• HOU HONG Q (President and CEO) sold 2,000 shares on 2026-05-01
• HOU HONG Q (President and CEO) sold 2,000 shares on 2026-04-10
• Lin Mark (EVP and CFO) sold 974 shares on 2026-04-01
• Lin Mark (EVP and CFO) sold 9,186 shares on 2026-03-24
• Lin Mark (EVP and CFO) sold 2,734 shares on 2026-03-10
• Lin Mark (EVP and CFO) sold 3,908 shares on 2026-03-11
• Lin Mark (EVP and CFO) sold 6,582 shares on 2026-03-06
• Silberstein Asaf (EVP and COO) sold 10,000 shares on 2026-02-09
• Silberstein Asaf (EVP and COO) sold 10,000 shares on 2026-02-02
• Silberstein Asaf (EVP and COO) sold 5,000 shares on 2026-01-22