Man Group plc Invests $15.48 Million in Semtech Corporation $SMTC

Man Group plc acquired a new stake in shares of Semtech Corporation (NASDAQ:SMTC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 95,639 shares of the semiconductor company’s stock, valued at approximately $15,479,000. Man Group plc owned 0.10% of Semtech at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ABS Investment Management LLC bought a new stake in Semtech in the second quarter valued at $178,035,000. FNY Investment Advisers LLC boosted its holdings in shares of Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Semtech during the second quarter worth about $32,000. Allworth Financial LP acquired a new stake in shares of Semtech in the 2nd quarter worth about $55,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of Semtech in the 2nd quarter worth about $65,000.

Semtech Stock Performance

Shares of SMTC opened at $142.43 on Friday. The firm has a market capitalization of $13.27 billion, a PE ratio of 94.33 and a beta of 2.35. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $135.62 and a 200 day moving average price of $119.01. Semtech Corporation has a 52-week low of $55.18 and a 52-week high of $177.35.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. Semtech’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, sell-side analysts anticipate that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Quarterly beat and stronger outlook: Semtech reported adjusted EPS of $0.71 versus the $0.61 consensus estimate and revenue of approximately $341.9 million, ahead of expectations. Revenue grew roughly 33% year over year, while management issued Q3 EPS guidance of $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
• Positive Sentiment: AI and data-center demand are accelerating: Data-center revenue reportedly rose 91%, supported by AI infrastructure investment. Management highlighted a ramp toward 1.6-terabit connectivity, record backlog, capacity expansion, and sustained demand for higher-speed networking products. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth
• Positive Sentiment: Portfolio shift may improve profitability: Semtech’s planned divestiture of its cellular business is intended to concentrate resources on data-center and connectivity markets, while potentially creating a structural improvement in margins. Debt reduction and stronger profitability also supported the bullish reaction. Semtech Dumps Cellular Business to Double Down on Data Centers
• Positive Sentiment: Analysts raised their stance: Northland Securities upgraded SMTC from Market Perform to Outperform and set a $182 price target, arguing that connectivity is becoming a key bottleneck for AI infrastructure. Needham maintained a Buy rating with a $200 target, while other analysts cited targets as high as $215. Northland lifts Semtech rating, sees connectivity as the AI bottleneck
• Neutral Sentiment: Investor expectations are elevated: Increased call-option activity reflects bullish positioning, but SMTC trades at a high earnings multiple and remains exposed to execution, capacity-expansion, and semiconductor-cycle risks.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 970 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the sale, the chief financial officer directly owned 34,896 shares in the company, valued at $5,248,707.36. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer directly owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. The trade was a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,734 shares of company stock valued at $3,133,986 over the last three months. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SMTC shares. Oppenheimer set a $200.00 target price on shares of Semtech in a research note on Wednesday, May 27th. Stifel Nicolaus raised their price target on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Susquehanna lifted their price target on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, May 27th. Craig Hallum boosted their price objective on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, New Street Research set a $230.00 price objective on Semtech in a report on Thursday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

Semtech Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.