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

Key Points

• Representative Gilbert Ray Cisneros, Jr. purchased between $1,001 and $15,000 in shares of Semtech Corporation (NASDAQ:SMTC) on September 2nd, according to a disclosure filed on September 12th.
• Semtech's stock has a current market cap of $5.42 billion, trading at $62.52, with a fifty-two week high of $79.52 and a low of $24.05.
• Multiple research analysts have recently increased their price targets for Semtech, with Stifel Nicolaus raising it from $45.00 to $54.00, reflecting a growing bullish sentiment towards the stock.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Semtech Corporation (NASDAQ:SMTC). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Semtech stock on September 2nd. 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):

• Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 9/2/2025.
• Purchased $1,001 - $15,000 in shares of Avient NYSE: AVNT on 9/2/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/27/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 8/26/2025.
• Sold $1,001 - $15,000 in shares of Fortive NYSE: FTV on 8/26/2025.
• Sold $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 8/26/2025.

Semtech Trading Down 0.2%

Shares of NASDAQ:SMTC traded down $0.11 during midday trading on Tuesday, reaching $62.52. 554,027 shares of the company's stock were exchanged, compared to its average volume of 2,363,672. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 260.93 and a beta of 1.98. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The firm's 50 day simple moving average is $53.40 and its two-hundred day simple moving average is $42.14. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 1.78.

Insiders Place Their Bets

In other news, COO Asaf Silberstein sold 2,000 shares of Semtech stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $42.98, for a total value of $85,960.00. Following the completion of the sale, the chief operating officer owned 105,996 shares of the company's stock, valued at $4,555,708.08. The trade was a 1.85% 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. Also, CFO Mark Lin sold 999 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $43.84, for a total value of $43,796.16. Following the sale, the chief financial officer owned 17,211 shares of the company's stock, valued at approximately $754,530.24. The trade was a 5.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SMTC shares. Stifel Nicolaus lifted their price objective on shares of Semtech from $45.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley set a $43.00 price target on shares of Semtech in a research note on Wednesday, May 28th. Piper Sandler increased their price objective on Semtech from $55.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Northland Securities boosted their price objective on Semtech from $48.00 to $53.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Finally, Craig Hallum raised their target price on shares of Semtech from $55.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Semtech in the 2nd quarter valued at approximately $33,000. NBC Securities Inc. raised its stake in Semtech by 104,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,048 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 1,047 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Semtech by 33.4% during the first quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 257 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Semtech by 58.5% in the 1st quarter. Versant Capital Management Inc now owns 1,498 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 553 shares during the period.

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 designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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