Granahan Investment Management LLC Sells 350,084 Shares of Semtech Corporation $SMTC

Granahan Investment Management LLC decreased its holdings in shares of Semtech Corporation (NASDAQ:SMTC) by 35.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 641,492 shares of the semiconductor company’s stock after selling 350,084 shares during the quarter. Semtech makes up about 1.9% of Granahan Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding. Granahan Investment Management LLC owned 0.74% of Semtech worth $45,835,000 at the end of the most recent quarter.

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

Semtech Stock Up 1.7%

Shares of SMTC stock opened at $84.85 on Monday. 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 firm’s 50-day moving average is $83.68 and its 200-day moving average is $73.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

More 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

Insider Activity

In other Semtech news, insider John Michael Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider owned 60,066 shares in the company, valued at $4,512,157.92. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Saar Gillai sold 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. The trade was a 27.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 40,191 shares of company stock valued at $3,361,412. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Piper Sandler restated 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. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Benchmark upped their price objective on Semtech from $85.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Susquehanna increased their price objective on Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a report on Monday, March 9th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $84.14.

Semtech Company 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.