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What smart money is saying about SemtechUnited States flag

SMTC

No fund has written a full thesis on Semtech in our archive, but 2 fund letters report a position in it — most recently Granahan Investment Management Focused Growth Strategy in June 2026.

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2
Reported positions
0
Bought
1
Sold
2
Letters

Position history

Between Q1 2025 and Q2 2026, 2 fund letters reported a position in Semtech — 1 trimmed or exited.

Fund letters reporting a position in Semtech, by quarter
QuarterLettersBoughtSoldTheses
Q2 20261010
Q1 20251000

Fund activity · 2 positions · 1 move

  • ExitedGranahan Investment Management Focused Growth Strategy
    June 2026
    “As noted above, Direct AI beneficiaries and a few other stocks in the portfolio rose sharply and in a number of instances prices raced ahead of fundamentals compressing future expected returns. We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely, and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).”
    116 more words on why — unlock Granahan Investment Management Focused Growth Strategy’s full comment
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    Semtech
  • HoldsMacquarie Small Cap Core Fund
    March 2025
    “On the negative side, Semtech Corporation was the largest detractor in1Q25. In February, the company revealed that it would not meet its low-end revenue estimates for its active copper cable (ACC) product line due to changes to datacenter rack architecture by a major customer. Although this segment accounts for less than 10% of Semtech’s revenue, the stock corrected by more than 40% due to the product ties to the AI buildout. Despite this setback, we believe the original thesis remains intact, supported by recovery in Semtech’s other end market segments.”
    Read the letter
    Semtech

Read the letters behind these Semtech positions

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