Semtech (NASDAQ:SMTC) Stock Sold by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Semtech Corporation (NASDAQ:SMTC). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Semtech stock on September 29th. 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 Benchmark Electronics (NYSE:BHE) on 10/1/2026.
• Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
• Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Alkermes (NASDAQ:ALKS) on 9/29/2026.

Semtech Trading Up 2.7%

NASDAQ:SMTC opened at $172.78 on Wednesday. The firm has a market cap of $16.13 billion, a P/E ratio of 114.42 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. Semtech Corporation has a 52 week low of $60.28 and a 52 week high of $201.99. The firm’s fifty day moving average is $156.05 and its 200-day moving average is $138.11.

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

Insider Transactions at Semtech

In related news, EVP Jason Elliot Green sold 2,766 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total transaction of $526,508.10. Following the completion of the sale, the executive vice president directly owned 7,367 shares in the company, valued at $1,402,308.45. This represents a 27.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Ruehl sold 1,500 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $145.00, for a total value of $217,500.00. Following the transaction, the director owned 7,140 shares in the company, valued at approximately $1,035,300. This represents a 17.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 13,737 shares of company stock valued at $2,267,877. 0.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Semtech

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Semtech by 23.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,045 shares of the semiconductor company’s stock valued at $1,078,000 after purchasing an additional 1,142 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Semtech by 116.6% during the third quarter. Farther Finance Advisors LLC now owns 4,066 shares of the semiconductor company’s stock worth $725,000 after purchasing an additional 2,189 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in Semtech in the third quarter worth approximately $624,000. Whalen Wealth Management Inc. purchased a new stake in Semtech during the third quarter valued at about $253,000. Finally, Cim Investment Management Inc. bought a new stake in shares of Semtech in the 2nd quarter valued at about $319,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Seaport Research Partners started coverage on shares of Semtech in a report on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price objective on the stock. New Street Research set a $230.00 price target on Semtech in a report on Thursday, August 20th. Robert W. Baird increased their target price on Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Benchmark reissued a “buy” rating on shares of Semtech in a report on Thursday, August 20th. Finally, UBS Group increased their price target on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.47.

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 global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.

The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.