Man Group plc acquired 95,639 shares of Semtech Corporation. The investment is valued at approximately $15.48 million according to the latest 13F filing.
Semtech reported second-quarter adjusted EPS of $0.71. Quarterly revenues reached $341.9 million, exceeding analyst expectations. Data-center revenue increased 91% year-over-year, driven by demand for AI applications.
The company issued third-quarter guidance for adjusted EPS between $1.02 and $1.08. This outlook represents substantial year-over-year growth and has propelled the stock higher this week.