Rep. Gilbert Ray Cisneros, Jr. Unloads Semtech Corporation (NASDAQ:SMTC) Stock

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Semtech Corporation (NASDAQ:SMTC). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Semtech stock on July 16th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Semtech Stock Performance

Shares of SMTC traded up $15.71 during trading hours on Tuesday, hitting $163.59. The company’s stock had a trading volume of 2,785,652 shares, compared to its average volume of 2,740,608. The business has a 50 day simple moving average of $132.39 and a two-hundred day simple moving average of $121.46. Semtech Corporation has a 52-week low of $57.50 and a 52-week high of $177.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 108.34 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. The company had revenue of $341.87 million during 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 for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts expect that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Semtech

In related news, CEO Hong Hou sold 2,000 shares of Semtech stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the sale, the executive vice president directly owned 8,611 shares in the company, valued at $1,118,568.90. This trade represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,734 shares of company stock worth $2,809,786 in the last ninety days. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of institutional investors have recently bought and sold shares of SMTC. Royce & Associates LP boosted its holdings in Semtech by 144.5% in the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after purchasing an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC acquired a new stake in Semtech during the fourth quarter worth about $640,000. Geode Capital Management LLC increased its holdings in shares of Semtech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after purchasing an additional 6,715 shares in the last quarter. Swiss National Bank grew its stake in shares of Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after buying an additional 11,800 shares during the period. Finally, Horizon Investments LLC acquired a new stake in Semtech during the 4th quarter worth approximately $993,000.

Analyst Ratings Changes

Several equities analysts have recently commented on SMTC shares. Roth Capital set a $220.00 price objective on shares of Semtech in a research note on Wednesday, August 26th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of Semtech in a research report on Wednesday, August 26th. TD Cowen upped their price target on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Finally, Robert W. Baird raised their target price on shares of Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Semtech Company 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.