🔴 Semtech is trading 5% down today as crude oil and Treasury yields rise

Semtech is trading at $165.58, down 5.02%, as broader market weakness intensified on September 23, 2026.

• The Nasdaq Composite is down 1.17%, while the S&P 500 is down 0.56%, signaling risk-off pressure.
• Rising crude oil and the 10-year Treasury yield near 4.99% are weighing on equity valuations.
• Semtech announced a positive Palo Alto Networks integration; no negative company-specific catalyst was identified.