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

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Semtech Corporation (NASDAQ:SMTC). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Semtech stock on January 20th. 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 Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Semtech Stock Performance

SMTC stock traded up $0.48 on Tuesday, hitting $87.59. The company’s stock had a trading volume of 295,287 shares, compared to its average volume of 1,481,409. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 282.28 and a beta of 2.01. The firm has a 50 day moving average of $78.70 and a two-hundred day moving average of $69.01. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. Semtech Corporation has a 1 year low of $24.05 and a 1 year high of $92.50.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities analysts predict that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Semtech

A number of hedge funds have recently added to or reduced their stakes in SMTC. New York State Common Retirement Fund lifted its stake in Semtech by 55.7% in the third quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock valued at $19,839,000 after acquiring an additional 99,335 shares during the last quarter. Nordea Investment Management AB bought a new stake in Semtech in the second quarter valued at approximately $4,230,000. EFG Asset Management North America Corp. boosted its holdings in Semtech by 15.6% in the 2nd quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock valued at $4,282,000 after purchasing an additional 12,796 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Semtech during the 3rd quarter worth $4,318,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Semtech during the 3rd quarter worth approximately $9,160,000.

Analyst Ratings Changes

Several equities analysts recently commented on SMTC shares. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Stifel Nicolaus boosted their price objective on Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Morgan Stanley set a $67.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $79.21.

Insider Activity

In other Semtech news, COO Asaf Silberstein sold 10,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00. Following the sale, the chief operating officer owned 68,496 shares of the company’s stock, valued at $6,301,632. The trade was a 12.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the transaction, the director directly owned 2,857 shares of the company’s stock, valued at $215,703.50. The trade was a 26.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,967 shares of company stock worth $2,236,108. Company insiders own 0.48% of the company’s stock.

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 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.