🔴 Semtech is trading 4.08% down in pre-market on higher Treasury yields and rate-hike concerns

Semtech is trading 4.08% down at $162.42 amid broader pressure from higher Treasury yields and rate-hike concerns.

• The decline follows a weak September 23, 2026 session.
• Risk-off sentiment continued, with the Nasdaq down 1.12% pre-market.
• No negative company-specific announcement was identified; Semtech’s September 23 partnership announcement with Palo Alto Networks described an industrial-IoT security offering without adverse financial disclosures.