Alliancebernstein L.P. Acquires 289,313 Shares of Semtech Corporation $SMTC

Alliancebernstein L.P. boosted its holdings in Semtech Corporation (NASDAQ:SMTC) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,607,697 shares of the semiconductor company’s stock after buying an additional 289,313 shares during the quarter. Alliancebernstein L.P. owned approximately 4.16% of Semtech worth $257,770,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position in 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 during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Semtech during the third quarter worth about $41,000. AlphaQuest LLC increased its stake in shares of Semtech by 42.5% in the third 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 period. Jones Financial Companies Lllp increased its stake in shares of Semtech by 65.5% in the third 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 holdings in Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 576 shares during the last quarter.

Semtech Stock Performance

SMTC opened at $84.85 on Monday. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $96.46. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 273.71 and a beta of 1.99. The company’s fifty day moving average price is $83.68 and its two-hundred day moving average price is $73.88. 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. TD Cowen reissued a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. B. Riley Financial lifted their price objective on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Susquehanna upped their target price on Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a report on Monday, March 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Semtech in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Buying and Selling

In related news, COO Asaf Silberstein sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the transaction, the chief operating officer owned 68,496 shares of the company’s stock, valued at approximately $6,301,632. This trade represents a 12.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lin sold 3,908 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $87.24, for a total transaction of $340,933.92. Following the transaction, the chief financial officer owned 26,536 shares in the company, valued at approximately $2,315,000.64. This trade represents a 12.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,191 shares of company stock worth $3,361,412 over the last ninety days. Insiders own 0.48% of the company’s stock.

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

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.