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

Key Points

• Representative Gilbert Ray Cisneros, Jr. purchased shares of Semtech Corporation (NASDAQ: SMTC) valued between $1,001 and $15,000 on August 26th, according to a disclosure filed on September 12th.
• Semtech's stock recently traded down by 0.2%, reaching $62.52, with a market cap of $5.42 billion and a 52-week range of $24.05 to $79.52.
• Analyst ratings for Semtech show strong support, with numerous brokerages raising their price targets and eleven out of twelve analysts giving it a Buy rating.

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 August 26th. 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 $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/2/2025.
• 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.
• 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

NASDAQ:SMTC traded down $0.28 during trading hours on Friday, hitting $60.87. 2,617,327 shares of the company's stock traded hands, compared to its average volume of 2,029,290. The firm has a market cap of $5.28 billion, a P/E 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. The business's fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $42.77. The company has a quick ratio of 1.78, a current ratio of 2.53 and a debt-to-equity ratio of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Semtech by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 11,702,315 shares of the semiconductor company's stock valued at $402,560,000 after purchasing an additional 159,770 shares during the period. Ameriprise Financial Inc. increased its holdings in Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company's stock valued at $321,040,000 after purchasing an additional 666,456 shares during the period. State Street Corp grew its holdings in shares of Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company's stock worth $182,235,000 after acquiring an additional 60,788 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Semtech by 9.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company's stock worth $149,792,000 after acquiring an additional 294,990 shares during the period. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Semtech by 364.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,266,202 shares of the semiconductor company's stock worth $202,015,000 after acquiring an additional 2,562,602 shares during the period.

Insiders Place Their Bets

In other Semtech news, Director Martin Burvill sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total transaction of $219,625.00. Following the transaction, the director owned 6,909 shares in the company, valued at approximately $433,539.75. This represents a 33.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Lin sold 999 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer owned 17,211 shares in the company, valued at $754,530.24. This trade represents a 5.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,499 shares of company stock worth $349,381. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Northland Securities lifted their price objective on Semtech from $48.00 to $53.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Piper Sandler lifted their price target on Semtech from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Craig Hallum lifted their price target on Semtech from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Needham & Company LLC lifted their price target on Semtech from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Benchmark lifted their price target on Semtech from $68.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Semtech currently has an average rating of "Moderate Buy" and an average target price 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.

About Semtech

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.