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

Posted by Chris Copeland on Oct 14th, 2026

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 Price Performance

Shares of NASDAQ:SMTC opened at $172.78 on Wednesday. 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 1-year low of $60.28 and a 1-year high of $201.99. The company has a market capitalization of $16.13 billion, a P/E ratio of 114.42 and a beta of 2.41. The firm’s 50 day simple moving average is $156.05 and its two-hundred day simple moving average is $138.11.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly 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. The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Research analysts expect that Semtech Corporation will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. UBS Group increased their price target on Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Stifel Nicolaus increased their price target on Semtech from $188.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Friday, October 9th. Finally, Seaport Research Partners initiated coverage on Semtech in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $200.00 price objective on the stock. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $212.47.

View Our Latest Stock Report on Semtech

Hedge Funds Weigh In On Semtech

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

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

Positive Sentiment: Expanded manufacturing capacity supports AI growth. Semtech and Tower Semiconductor expanded their silicon-germanium manufacturing agreement, providing additional capacity for high-speed connectivity products used in AI data centers. The agreement strengthens supply support for Semtech’s expected demand growth. Tower Semiconductor, Semtech Extend SiGe Capacity Deal for AI Data Center Connectivity
Positive Sentiment: 1.6T product ramp is lifting the outlook. Semtech’s 1.6-terabit products are gaining traction as data centers upgrade optical connectivity for artificial intelligence workloads. Record revenue, increased optical-market share and strong customer demand support expectations for continued growth. Can Semtech’s 1.6T Ramp Accelerate its Data Center Growth?
Positive Sentiment: Recent fundamentals remain strong. Semtech’s latest reported quarter delivered revenue of $341.9 million, up 32.7% year over year, and EPS of $0.71 versus the $0.61 consensus estimate. Management’s approximately $410 million fiscal third-quarter revenue outlook reinforces the growth narrative.
Neutral Sentiment: Data Center Analyst Day is scheduled for October 15. Investors will look for updated details on the 1.6T ramp, customer demand, margins and longer-term AI infrastructure opportunities. The event could provide a catalyst but also raises the risk of disappointment if expectations are already high. Semtech Corporation to Host Data Center Analyst Day
Negative Sentiment: Valuation and insider activity are concerns. Northland Securities downgraded SMTC to Market Perform from Outperform, citing limited upside after the stock’s sharp rally. Reports also show repeated insider sales without purchases, including a recent sale by an executive. A law firm is soliciting shareholders over potential fiduciary-duty claims; this is an invitation to investigate, not evidence that wrongdoing occurred. Semtech Valuation Downgrade and Insider Activity Analysis

Insiders Place Their Bets

In related news, CEO Hong Q. Hou sold 2,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $138.71, for a total transaction of $277,420.00. Following the completion of the transaction, the chief executive officer directly owned 60,799 shares of the company’s stock, valued at approximately $8,433,429.29. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,766 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total value of $526,508.10. Following the transaction, the executive vice president owned 7,367 shares of the company’s stock, valued at $1,402,308.45. This represents a 27.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 13,737 shares of company stock worth $2,267,877. 0.44% of the stock is owned by corporate insiders.

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

(Get Free Report)

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.