Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Semtech Corporation (NASDAQ:SMTC)

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 Price Performance

Shares of Semtech stock traded down $0.28 on Friday, hitting $60.87. The company had a trading volume of 2,617,327 shares, compared to its average volume of 2,029,290. The business has a 50-day simple moving average of $54.53 and a 200-day simple moving average of $42.77. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 1.78. The company has a market cap of $5.28 billion, a PE ratio of 253.63 and a beta of 1.98. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $79.52.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 999 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $43.84, for a total value of $43,796.16. Following the sale, the chief financial officer directly owned 17,211 shares in the company, valued at $754,530.24. This trade represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total transaction of $219,625.00. Following the sale, the director owned 6,909 shares in the company, valued at approximately $433,539.75. This trade represents a 33.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,499 shares of company stock worth $349,381. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Marex Group plc acquired a new position in Semtech in the 2nd quarter valued at $203,000. State of Wyoming grew its stake in Semtech by 13.0% in the 2nd quarter. State of Wyoming now owns 2,955 shares of the semiconductor company's stock valued at $133,000 after buying an additional 339 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Semtech by 2.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 11,253 shares of the semiconductor company's stock valued at $508,000 after buying an additional 319 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Semtech by 8.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 295,324 shares of the semiconductor company's stock valued at $13,331,000 after buying an additional 22,906 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Semtech in the 2nd quarter valued at $206,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on SMTC shares. Piper Sandler increased their price objective on shares of Semtech from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Benchmark increased their target price on shares of Semtech from $68.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Morgan Stanley set a $43.00 price target on shares of Semtech in a research report on Wednesday, May 28th. Stifel Nicolaus upped their price target on shares of Semtech from $45.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Northland Securities upped their price target on shares of Semtech from $48.00 to $53.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Semtech has an average rating of "Moderate Buy" and a consensus price target of $61.08.

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.