Rep. Gilbert Ray Cisneros, Jr. Sells Off Semtech Corporation (NASDAQ:SMTC) Shares

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold $1,001–$15,000 of Semtech shares on July 16 through a Bank of America trust account, according to a congressional disclosure filed September 4.
• Semtech reported strong quarterly results, with adjusted EPS of $0.71 and revenue of $341.87 million, surpassing analyst estimates; revenue rose 32.7% year over year, and the company issued third-quarter EPS guidance of $1.02–$1.08.
• Analysts remain broadly positive, with 15 Buy ratings, three Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $204.71 versus the stock’s reported $147.88 opening price.

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

Semtech stock opened at $147.88 on Tuesday. The company has a market cap of $13.80 billion, a PE ratio of 97.93 and a beta of 2.35. The company has a fifty day moving average price of $132.39 and a two-hundred day moving average price of $121.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. Semtech Corporation has a 12 month low of $57.50 and a 12 month high of $177.35.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company 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 company earned $0.41 earnings per share. The firm's revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Research analysts expect that Semtech Corporation will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SMTC shares. TD Cowen raised their target price on shares of Semtech from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. UBS Group upped their target price on Semtech from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Roth Capital set a $220.00 price target on Semtech in a research report on Wednesday, August 26th. Oppenheimer set a $200.00 price target on Semtech in a report on Wednesday, May 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $200.00 price objective on shares of Semtech in a research note on Wednesday, August 26th. Fifteen investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.71.

Institutional Trading of Semtech

Several large investors have recently added to or reduced their stakes in SMTC. Jones Financial Companies Lllp boosted its position in Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 2,565 shares during the period. Empowered Funds LLC raised its stake in shares of Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock valued at $323,000 after purchasing an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company's stock valued at $14,166,000 after purchasing an additional 22,629 shares in the last quarter. Strs Ohio acquired a new stake in Semtech in the first quarter worth about $65,000. Finally, Cetera Investment Advisers bought a new position in Semtech in the 2nd quarter valued at about $226,000.

Insider Activity at Semtech

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the sale, the director owned 28,100 shares of the company's stock, valued at $4,636,219. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the 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 of the company's stock, valued at approximately $8,618,267. The trade was a 2.99% 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 19,734 shares of company stock worth $2,809,786 in the last three months. Insiders own 0.44% of the company's stock.

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

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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