Assenagon Asset Management Boosts Semtech Stake by 852%

Hedge fund firm increases position in semiconductor company during Q4

Mar. 27, 2026 at 7:22am

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Assenagon Asset Management S.A. significantly increased its stake in Semtech Corporation (NASDAQ:SMTC) during the fourth quarter, purchasing an additional 165,244 shares to bring its total holdings to 184,630 shares, representing approximately 0.20% of the semiconductor company's stock.

Why it matters

Semtech is a leading supplier of analog and mixed-signal semiconductors for a variety of applications, including the Internet of Things, data centers, and industrial automation. The substantial increase in Assenagon's position suggests the hedge fund firm sees significant growth potential in Semtech's business and stock performance.

The details

According to a recent SEC filing, Assenagon Asset Management increased its stake in Semtech by 852.4% in the fourth quarter. The firm now owns 184,630 shares of Semtech's stock, valued at approximately $13.6 million as of the most recent filing. Semtech's stock has seen strong performance over the past year, rising from around $24 per share to a high of over $96 per share.

  • Assenagon Asset Management increased its Semtech position during the fourth quarter of 2025.

The players

Assenagon Asset Management S.A.

A European asset management firm that significantly increased its stake in Semtech Corporation.

Semtech Corporation

A leading supplier of high-performance analog and mixed-signal semiconductors for a variety of applications.

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The takeaway

Assenagon's substantial increase in its Semtech position suggests the hedge fund firm sees strong growth potential in the semiconductor company's business and stock performance. This could signal increased investor confidence in Semtech's ability to capitalize on trends in the Internet of Things, data centers, and industrial automation markets.