Fred Alger Management LLC Acquires 241,768 Shares of Semtech Corporation $SMTC

Fred Alger Management LLC raised its holdings in Semtech Corporation (NASDAQ:SMTC) by 46.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 767,459 shares of the semiconductor company’s stock after acquiring an additional 241,768 shares during the period. Fred Alger Management LLC’s holdings in Semtech were worth $54,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SMTC. Journey Strategic Wealth LLC raised its position in shares of Semtech by 3.2% during the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC grew its position in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the period. Archer Investment Corp increased its stake in Semtech by 10.8% during the 2nd quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 200 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Semtech by 24.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after buying an additional 247 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SMTC shares. Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Benchmark boosted their price objective on shares of Semtech from $85.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. UBS Group reiterated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Finally, Roth Mkm lifted their price target on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Insider Transactions at Semtech

In other news, insider John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider owned 60,066 shares in the company, valued at $4,512,157.92. This trade represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Michael Fischer sold 1,034 shares of Semtech stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the sale, the director directly owned 2,857 shares in the company, valued at approximately $215,703.50. This represents a 26.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 40,191 shares of company stock worth $3,361,412. 0.48% of the stock is owned by insiders.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Oppenheimer reaffirmed an “Outperform” rating and raised its view on Semtech, supporting bullish analyst momentum and helping sentiment for the stock. Oppenheimer Reaffirms Outperform
• Positive Sentiment: Semtech is showcasing high-speed data-center and AI interconnect demos (224G/448G and a live 1.6T demo) at OFC 2026 — a tangible product/roadmap catalyst tied to the AI/data-center end market. Semtech OFC 2026 Demos
• Neutral Sentiment: A Q4 2026 earnings preview highlights upcoming results as a near-term catalyst — earnings/guide could swing sentiment either way depending on execution vs. elevated expectations. Earnings Preview
• Neutral Sentiment: Market commentary asks whether it’s “too late” to buy after a ~155% one-year run — raises valuation/positioning questions that can temper further upside. Valuation Article
• Negative Sentiment: CFO Mark Lin has been selling multiple blocks in March (e.g., 2,734 shares on Mar 10 at ~$85.27 and 3,908 shares on Mar 11 at ~$87.24), trimming his position noticeably — insider sales can be perceived as a negative signal to investors. CFO Insider Sales
• Negative Sentiment: A shareholder notice/litigation solicitation alleges potential insider fiduciary breaches — even if preliminary, legal risk can pressure the stock and raise uncertainty. Shareholder Notice

Semtech Stock Performance

Shares of SMTC stock opened at $84.85 on Monday. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $96.46. The company’s fifty day simple moving average is $83.68 and its 200-day simple moving average is $73.88. The firm has a market cap of $7.85 billion, a PE ratio of 273.71 and a beta of 1.99. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Semtech Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.