Atreides Management LP Increases Stake in Semtech Corporation $SMTC

Atreides Management LP grew its position in Semtech Corporation (NASDAQ:SMTC) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 678,133 shares of the semiconductor company’s stock after buying an additional 16,192 shares during the period. Atreides Management LP owned approximately 0.78% of Semtech worth $48,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMTC. New York State Common Retirement Fund raised its holdings in Semtech by 55.7% in the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after acquiring an additional 99,335 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Semtech by 24.4% during the third quarter. Nordea Investment Management AB now owns 117,669 shares of the semiconductor company’s stock valued at $7,992,000 after purchasing an additional 23,086 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Semtech during the third quarter valued at $4,318,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Semtech during the third quarter valued at $9,160,000. Finally, Hodges Capital Management Inc. bought a new stake in Semtech in the 3rd quarter worth about $4,624,000.

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 200-day moving average price of $73.77. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $96.46. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.85 billion, a P/E ratio of 273.71 and a beta of 1.99.

Key Semtech News

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

Analyst Ratings Changes

A number of equities analysts have weighed in on SMTC shares. Morgan Stanley set a $67.00 target price on Semtech in a research report on Tuesday, November 25th. Benchmark raised their price target on shares of Semtech from $85.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Piper Sandler reiterated an “overweight” rating and issued a $95.00 price target (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Insider Activity at Semtech

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total transaction of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares of the company’s stock, valued at approximately $1,978,081.75. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Michael Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction 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. The trade was a 7.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,191 shares of company stock valued at $3,361,412 in the last three months. Corporate insiders own 0.48% of the company’s stock.

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.