Portolan Capital Management LLC Purchases 289,844 Shares of Semtech Corporation $SMTC

Portolan Capital Management LLC increased its position in shares of Semtech Corporation (NASDAQ:SMTC) by 76.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 668,862 shares of the semiconductor company’s stock after purchasing an additional 289,844 shares during the quarter. Semtech accounts for about 2.6% of Portolan Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Portolan Capital Management LLC owned about 0.77% of Semtech worth $47,790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its position in shares of Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after buying an additional 360 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Semtech during the 3rd quarter valued at about $41,000. AlphaQuest LLC raised its stake in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares during the period. Jones Financial Companies Lllp raised its stake in Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 235 shares during the period. Finally, Assetmark Inc. lifted its holdings in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 576 shares during the last quarter.

Insider Buying and Selling at Semtech

In related news, CFO Mark Lin sold 6,582 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $83.75, for a total value of $551,242.50. Following the completion of the transaction, the chief financial officer directly owned 22,125 shares of the company’s stock, valued at $1,852,968.75. This represents a 22.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider directly owned 60,066 shares in the company, valued at $4,512,157.92. The trade was a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 40,191 shares of company stock valued at $3,361,412. 0.48% of the stock is currently owned by insiders.

Key Stories 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 Price Performance

NASDAQ SMTC opened at $84.85 on Friday. The company has a 50-day moving average price of $83.68 and a two-hundred day moving average price of $73.67. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $96.46. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 273.71 and a beta of 1.99. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87.

Wall Street Analyst Weigh In

A number of brokerages have commented on SMTC. TD Cowen restated a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Susquehanna boosted their price objective on Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, March 9th. UBS Group restated a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Finally, B. Riley Financial increased their target price on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

About Semtech

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.