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
Shares of NASDAQ:SMTC traded up $13.98 during trading on Tuesday, hitting $161.86. 874,750 shares of the company were exchanged, compared to its average volume of 2,727,675. Semtech Corporation has a 52-week low of $57.50 and a 52-week high of $177.35. The stock has a 50 day moving average of $132.39 and a 200 day moving average 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. The company has a market cap of $15.11 billion, a PE ratio of 106.44 and a beta of 2.35.
Insider Buying and Selling at Semtech
In related news, EVP Jason Elliot Green sold 2,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the transaction, the executive vice president owned 8,611 shares of the company’s stock, valued at $1,118,568.90. This trade represents a 20.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of Semtech stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares of the company’s stock, valued at $12,378,963.60. The trade was a 8.07% 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. In the last ninety days, insiders have sold 19,734 shares of company stock valued at $2,809,786. 0.44% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SMTC. Zacks Research cut shares of Semtech from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Oppenheimer set a $200.00 price target on Semtech in a research note on Wednesday, May 27th. Craig Hallum increased their price objective on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Robert W. Baird upped their price target on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $204.71.
Read Our Latest Analysis on Semtech
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LP grew its position in shares of Semtech by 4.0% in the 2nd quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock worth $515,000 after buying an additional 122 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Semtech during the 2nd quarter valued at about $3,438,000. California State Teachers Retirement System boosted its stake in Semtech by 16,868.8% during the second quarter. California State Teachers Retirement System now owns 17,446,944 shares of the semiconductor company’s stock worth $2,823,788,000 after acquiring an additional 17,344,126 shares in the last quarter. Greenland Capital Management LP bought a new stake in Semtech during the second quarter worth about $490,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Semtech in the second quarter worth about $3,343,000.
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 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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