Semtech is trading at $147.59, down 4.30%, as macro risk aversion and profit-taking weigh on the stock.
- The Nasdaq Composite fell 0.88%, while technology shares faced broad risk-off pressure.
- Higher oil prices, elevated Treasury yields, and fading U.S.-Iran peace prospects are weighing on growth-stock valuations.
- Shares gained 9.88% to $154.22 on August 17 after announcing a $62 million cellular-module business sale; no new negative Semtech-specific announcement was identified on August 18.