diff --git a/cmake/Eigen3ConfigVersion.cmake.in b/cmake/Eigen3ConfigVersion.cmake.in
index b680c63a0dd6025c98e36d8e98e7d1700ffd761f..dbbb5b5ef9f2291627b2568f433013c783ba2b62 100644
--- a/cmake/Eigen3ConfigVersion.cmake.in
+++ b/cmake/Eigen3ConfigVersion.cmake.in
@@ -1,5 +1,5 @@
 # This is a CMake version file for the Config-mode of find_package().
-# 
+#
 # The version constraint is compatible with the current package under the
 # following conditions:
 # - If a version range is specified, the package version falls within the
@@ -12,7 +12,8 @@
 # - 3...<5 matches 3.0.0.0 to <5.0.0.0
 # - 3...<5.1 matches 3.0.0.0 to <5.1.0.0
 # - 3 matches 3.0.0.0 to <4.0.0.0
-# - 3.4 matches 3.4.0.0 to <3.5.0.0
+# - 3.4 matches 3.4.0.0 to <4.0.0.0 due to semantic versioning
+# - 3.4 EXACT matches 3.4.0.0 to <3.5.0.0
 
 set(PACKAGE_VERSION "@CVF_VERSION@")
 
@@ -65,26 +66,30 @@ if (PACKAGE_FIND_VERSION_RANGE)
     set(PACKAGE_VERSION_COMPATIBLE TRUE)
   endif()
 else()
-  # Create exclusive upper bound.
+
+  # Semantic versioning upper bound.
+  math(EXPR _PACKAGE_FIND_VERSION_MAJOR "${PACKAGE_FIND_VERSION_MAJOR}+1")
+  set(_PACKAGE_FIND_VERSION_SEMVER_UPPER "${_PACKAGE_FIND_VERSION_MAJOR}.0.0.0")
+
+  # Create exclusive upper bound for exact match.
   if (PACKAGE_FIND_VERSION_COUNT EQUAL 1)
-    math(EXPR _PACKAGE_FIND_VERSION_MAJOR "${PACKAGE_FIND_VERSION_MAJOR}+1")
-    set(_PACKAGE_FIND_VERSION_UPPER "${_PACKAGE_FIND_VERSION_MAJOR}.0.0.0")
+    set(_PACKAGE_FIND_VERSION_EXACT_UPPER "${_PACKAGE_FIND_VERSION_SEMVER_UPPER}")
   elseif (PACKAGE_FIND_VERSION_COUNT EQUAL 2)
     math(EXPR _PACKAGE_FIND_VERSION_MINOR "${PACKAGE_FIND_VERSION_MINOR}+1")
-    set(_PACKAGE_FIND_VERSION_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${_PACKAGE_FIND_VERSION_MINOR}.0.0")
+    set(_PACKAGE_FIND_VERSION_EXACT_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${_PACKAGE_FIND_VERSION_MINOR}.0.0")
   elseif (PACKAGE_FIND_VERSION_COUNT EQUAL 3)
     math(EXPR _PACKAGE_FIND_VERSION_PATCH "${PACKAGE_FIND_VERSION_PATCH}+1")
-    set(_PACKAGE_FIND_VERSION_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${PACKAGE_FIND_VERSION_MINOR}.${_PACKAGE_FIND_VERSION_PATCH}.0")
+    set(_PACKAGE_FIND_VERSION_EXACT_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${PACKAGE_FIND_VERSION_MINOR}.${_PACKAGE_FIND_VERSION_PATCH}.0")
   elseif (PACKAGE_FIND_VERSION_COUNT EQUAL 4)
     math(EXPR _PACKAGE_FIND_VERSION_TWEAK "${PACKAGE_FIND_VERSION_TWEAK}+1")
-    set(_PACKAGE_FIND_VERSION_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${PACKAGE_FIND_VERSION_MINOR}.${PACKAGE_FIND_VERSION_PATCH}.${_PACKAGE_FIND_VERSION_TWEAK}")
+    set(_PACKAGE_FIND_VERSION_EXACT_UPPER "${PACKAGE_FIND_VERSION_MAJOR}.${PACKAGE_FIND_VERSION_MINOR}.${PACKAGE_FIND_VERSION_PATCH}.${_PACKAGE_FIND_VERSION_TWEAK}")
   endif()
 
-  if((_PACKAGE_VERSION_FULL VERSION_LESS PACKAGE_FIND_VERSION) OR (_PACKAGE_VERSION_FULL VERSION_GREATER_EQUAL _PACKAGE_FIND_VERSION_UPPER))
+  if((_PACKAGE_VERSION_FULL VERSION_LESS PACKAGE_FIND_VERSION) OR (_PACKAGE_VERSION_FULL VERSION_GREATER_EQUAL _PACKAGE_FIND_VERSION_SEMVER_UPPER))
     set(PACKAGE_VERSION_COMPATIBLE FALSE)
   else()
     set(PACKAGE_VERSION_COMPATIBLE TRUE)
-    if(PACKAGE_FIND_VERSION STREQUAL PACKAGE_VERSION)
+    if(_PACKAGE_VERSION_FULL VERSION_LESS _PACKAGE_FIND_VERSION_EXACT_UPPER)
       set(PACKAGE_VERSION_EXACT TRUE)
     endif()
   endif()