Semtech (NASDAQ:SMTC) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.

by · The Markets Daily

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 Price Performance

Shares of NASDAQ:SMTC opened at $147.88 on Tuesday. The firm’s fifty day moving average is $132.39 and its 200-day moving average is $121.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The firm has a market cap of $13.80 billion, a PE ratio of 97.93 and a beta of 2.35. Semtech Corporation has a 52 week low of $57.50 and a 52 week high of $177.35.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The firm had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts predict that Semtech Corporation will post 2.64 earnings per share for the current year.

Insider Transactions at Semtech

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. This represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Wilson sold 5,500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $170.00, for a total transaction of $935,000.00. Following the sale, the insider directly owned 80,876 shares of the company’s stock, valued at approximately $13,748,920. This trade represents a 6.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,734 shares of company stock valued at $2,809,786. 0.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SMTC shares. New Street Research set a $230.00 target price on Semtech in a research report on Thursday, August 20th. Stifel Nicolaus raised their price objective on shares of Semtech from $157.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Roth Capital set a $220.00 price target on shares of Semtech in a research note on Wednesday, August 26th. TD Cowen lifted their price target on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Robert W. Baird raised their price target on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $204.71.

View Our Latest Research Report on Semtech

Institutional Investors Weigh In On Semtech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC boosted its position in shares of Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Semtech in the 2nd quarter worth $32,000. Banque Cantonale Vaudoise purchased a new stake in Semtech in the 1st quarter worth $33,000. IFP Advisors Inc bought a new stake in Semtech during the fourth quarter valued at about $53,000. Finally, Allworth Financial LP bought a new stake in Semtech during the second quarter valued at about $55,000.

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.

About Semtech

(Get Free Report)

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.

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