Fred Alger Management LLC Has $54.84 Million Holdings in Semtech Corporation $SMTC

Fred Alger Management LLC grew its stake 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 fund owned 767,459 shares of the semiconductor company’s stock after acquiring an additional 241,768 shares during the period. Fred Alger Management LLC owned 0.88% of Semtech worth $54,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SMTC. Hantz Financial Services Inc. increased its holdings in shares of Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Semtech during the 3rd quarter worth $41,000. AlphaQuest LLC boosted its position in 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 buying an additional 173 shares during the last quarter. Jones Financial Companies Lllp increased its stake 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 buying an additional 235 shares during the period. Finally, Assetmark Inc. raised its position in shares of Semtech by 1,745.5% during 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.

Semtech Trading Up 1.7%

NASDAQ:SMTC opened at $84.85 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $96.46. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 273.71 and a beta of 1.99. The business’s 50-day moving average price is $83.68 and its two-hundred day moving average price is $73.88.

Insider Buying and Selling

In other Semtech news, COO Asaf Silberstein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the completion of the sale, the chief operating officer owned 68,496 shares of the company’s stock, valued at approximately $6,301,632. This represents a 12.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Michael Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the sale, the insider directly owned 60,066 shares of the company’s stock, valued at $4,512,157.92. The trade was a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,191 shares of company stock worth $3,361,412 over the last quarter. Insiders own 0.48% of the company’s stock.

Semtech News Summary

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SMTC. Susquehanna upped their price target on Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Oppenheimer reissued an “outperform” rating and set a $100.00 price objective (up from $81.00) on shares of Semtech in a report on Tuesday, March 10th. Roth Mkm upped their target price on shares of Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Semtech currently has an average 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.