Granahan Investment Management LLC Sells 47,585 Shares of Semtech Corporation $SMTC

Posted by George Bondi on Jul 25th, 2026

Granahan Investment Management LLC reduced its position in Semtech Corporation (NASDAQ:SMTC – Free Report) by 11.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 370,642 shares of the semiconductor company’s stock after selling 47,585 shares during the period. Semtech makes up approximately 1.4% of Granahan Investment Management LLC’s holdings, making the stock its 20th largest holding. Granahan Investment Management LLC’s holdings in Semtech were worth $28,499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SMTC. Banque Cantonale Vaudoise purchased a new position in shares of Semtech during the 1st quarter valued at $33,000. IFP Advisors Inc purchased a new stake in Semtech in the 4th quarter worth about $53,000. Smartleaf Asset Management LLC increased its holdings in Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 247 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Semtech in the 4th quarter valued at about $60,000. Finally, NewEdge Advisors LLC raised its stake in Semtech by 1,215.4% in the 3rd quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 790 shares during the period.

Semtech Stock Down 9.2%

Shares of NASDAQ SMTC opened at $125.92 on Friday. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35. The business has a 50-day simple moving average of $149.03 and a two-hundred day simple moving average of $110.52. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $11.73 billion, a P/E ratio of -322.87 and a beta of 2.31.

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

Insider Buying and Selling

In other Semtech news, insider John Michael Wilson sold 5,500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total value of $935,000.00. Following the sale, the insider directly owned 80,876 shares in the company, valued at $13,748,920. This represents a 6.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jason Elliot Green sold 2,264 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the transaction, the executive vice president directly owned 8,611 shares of the company’s stock, valued at approximately $1,118,568.90. The trade was a 20.82% 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. Insiders sold 22,234 shares of company stock valued at $3,203,091 in the last three months. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Mizuho set a $225.00 price target on shares of Semtech in a research report on Wednesday, May 27th. UBS Group upped their price target on shares of Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Semtech in a research note on Monday, July 13th. Finally, Craig Hallum raised their price objective on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus price target of $189.07.

Get Our Latest Analysis on Semtech

Semtech Company Profile

(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.