Gf Fund Management 13F: Exits Semtech (SMTC) Stake
Key Points
- Gf Fund Management sold its entire stake of 127,000 shares, a 100% decrease from its previous holdings, as disclosed in its latest 13F filing.
- Semtech's stock recently traded around $136.73, which is above the event close of $132.00 on October 23, 2026, but below its 50-day moving average.
- The company has a market cap of about $12.3 billion and a P/E ratio of 87.42, reflecting its position in the semiconductor industry.
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Gf Fund Management sold its entire position of 127,000 shares of Semtech Corporation (SMTC) on October 26, 2026. This move is noted in the fund's latest Form 13F filing with the SEC.
SMTC
Semtech Corporation
What Changed in Gf Fund Management's Semtech Position
Gf Fund Management's stake in Semtech went from 127,000 shares to zero, marking a complete exit from the position. This represents a 100% decrease in the fund's holdings.
Where Semtech Fits in Gf Fund Management's Portfolio
Semtech accounted for a portion of Gf Fund Management's reported value of approximately $4.25 billion. The sale indicates a strategic shift, as Semtech was ranked 616 out of the fund's total positions.
Other Institutional Activity in Semtech
Ameriprise Financial, Inc. cut its stake in Semtech by 3,999,248 shares, bringing its total to 3,450,916 shares valued at about $471.8 million. In contrast, Jane Street Group, LLC increased its holdings by 2,578,234 shares, now owning 3,351,040 shares worth approximately $458.2 million. Hood River Capital Management LLC slightly reduced its position by 37,057 shares, ending with 2,250,382 shares valued at around $307.7 million.
Semtech Corporation Stock Up 9.3%
Semtech shares recently traded around $136.73, which is above the event close of $132.00 on October 23, 2026. However, the stock is still below its 50-day moving average of $156.83. The shares are down about 32.3% from their 52-week high of $201.99.
Recent Earnings
Semtech reported trailing twelve-month revenue of approximately $1.17 billion and an EPS of $1.51. The company's revenue growth year-over-year stands at 32.7%. Semtech is set to announce its next earnings on November 23, 2026.
Insider Buying and Selling at Semtech Corporation
Recently, several insiders sold shares of Semtech. CEO Hong Q. Hou sold 2,000 shares at an average price of $191.21 on October 2, 2026. CFO Mark Lin sold 683 shares at $159.90 on September 10, 2026, and another 967 shares at $178.87 on October 1, 2026. These transactions occurred before Gf Fund Management's exit from its position.
Analysts Set New Price Targets
On October 5, 2026, Stifel maintained a Buy rating for Semtech with a price target of $220.00, while BMO Capital maintained an Outperform rating with a target of $230.00 on October 13, 2026. TD Cowen reiterated a Buy rating with a target of $215.00 on October 16, 2026, and Northland Capital Markets upgraded its rating to Outperform with a target of $186.00 on the same day. The consensus recommendation for Semtech is a strong buy, with a mean price target of approximately $217.07 based on 15 analyst opinions.
About Semtech Corporation
Semtech Corporation is a technology company that provides semiconductor solutions and Internet of Things (IoT) systems. It operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. This recent sale by Gf Fund Management comes as the company's stock continues to navigate a volatile market.
Bottom Line
Investors will be watching Semtech closely as it prepares for its next earnings report on November 23, 2026. Gf Fund Management's complete exit from its position signals a potential shift in outlook for the company, especially given the recent performance of its stock.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $SMTC (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts