Alta Park Capital LP Has $20.91 Million Holdings in Semtech Corporation $SMTC

Posted by Stanley Muller on Jun 18th, 2026

Alta Park Capital LP boosted its holdings in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) by 39.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 283,726 shares of the semiconductor company’s stock after acquiring an additional 80,108 shares during the quarter. Semtech accounts for approximately 2.5% of Alta Park Capital LP’s portfolio, making the stock its 14th largest position. Alta Park Capital LP’s holdings in Semtech were worth $20,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Semtech by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock worth $873,842,000 after buying an additional 298,987 shares during the last quarter. Ameriprise Financial Inc. increased its position in Semtech by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 7,373,744 shares of the semiconductor company’s stock worth $526,861,000 after buying an additional 261,647 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Semtech by 13.9% during the third quarter. Capital Research Global Investors now owns 4,691,676 shares of the semiconductor company’s stock worth $335,220,000 after acquiring an additional 571,372 shares during the period. State Street Corp boosted its holdings in shares of Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after acquiring an additional 60,788 shares during the period. Finally, Whale Rock Capital Management LLC boosted its holdings in shares of Semtech by 11.3% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock worth $287,499,000 after acquiring an additional 396,504 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMTC. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Craig Hallum boosted their price objective on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird boosted their price objective on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings cut Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, March 24th. Finally, Roth Mkm boosted their price objective on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.73.

Get Our Latest Stock Report on Semtech

Semtech Stock Down 7.0%

Shares of SMTC opened at $150.20 on Thursday. Semtech Corporation has a one year low of $40.24 and a one year high of $177.35. The company has a market cap of $13.99 billion, a P/E ratio of -385.13 and a beta of 2.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $130.31 and a two-hundred day simple moving average of $97.88.

Semtech (NASDAQ:SMTC – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Research analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling at Semtech

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total transaction of $69,105.00. Following the completion of the transaction, the director directly owned 23,279 shares in the company, valued at $3,217,390.59. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $90.11, for a total transaction of $180,220.00. Following the transaction, the chief executive officer owned 73,228 shares of the company’s stock, valued at approximately $6,598,575.08. This represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 25,160 shares of company stock valued at $2,227,705. 0.48% of the stock is currently owned by insiders.

About Semtech

(Free Report)

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.