Semtech Corporation $SMTC Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial raised its Semtech stake by 3.7% to 7,373,744 shares, owning roughly 8.5% of the company valued at about $526.9 million at quarter-end.
• Analyst sentiment is bullish—several firms have raised price targets and ratings—and Semtech is demonstrating high‑speed AI/data‑center interconnects (224G/448G and a live 1.6T demo) at OFC 2026, creating tangible product catalysts.
• Offsetting positives, significant insider selling (including the CFO and directors) and a shareholder litigation solicitation introduce near‑term uncertainty and potential downside risk.

Ameriprise Financial Inc. increased its stake in Semtech Corporation (NASDAQ:SMTC - Free Report) by 3.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,373,744 shares of the semiconductor company's stock after acquiring an additional 261,647 shares during the quarter. Ameriprise Financial Inc. owned approximately 8.50% of Semtech worth $526,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SMTC. Jones Financial Companies Lllp lifted its position in shares of Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 2,565 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock worth $323,000 after buying an additional 968 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company's stock worth $14,166,000 after buying an additional 22,629 shares during the period. Strs Ohio purchased a new position in shares of Semtech during the first quarter valued at $65,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Semtech by 24.7% during the second quarter. Envestnet Asset Management Inc. now owns 36,205 shares of the semiconductor company's stock valued at $1,634,000 after buying an additional 7,161 shares in the last quarter.

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

Insider Transactions at Semtech

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the business's stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares in the company, valued at approximately $1,978,081.75. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Michael Wilson sold 5,000 shares of the business's stock in a transaction 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 sale, the insider owned 60,066 shares of the company's stock, valued at $4,512,157.92. The trade was a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,191 shares of company stock worth $3,361,412. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SMTC shares. Oppenheimer reissued an "outperform" rating and issued a $100.00 price objective (up from $81.00) on shares of Semtech in a research note on Tuesday, March 10th. Susquehanna boosted their price objective on shares of Semtech from $90.00 to $100.00 and gave the company a "positive" rating in a research report on Monday, March 9th. UBS Group reiterated a "buy" rating on shares of Semtech in a research note on Tuesday, November 25th. Piper Sandler restated an "overweight" rating and set a $95.00 price target (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, Robert W. Baird upped their price target on shares of Semtech from $70.00 to $88.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Semtech presently has an average rating of "Moderate Buy" and a consensus target price of $84.14.

Semtech Stock Performance

SMTC opened at $84.85 on Monday. The company has a market cap of $7.85 billion, a PE ratio of 273.71 and a beta of 1.99. The stock has a 50-day moving average of $83.68 and a 200-day moving average of $73.88. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $96.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

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.

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