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

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Semtech Corporation (NASDAQ:SMTC). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Semtech stock on March 3rd. 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 MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Advanced Energy Industries (NASDAQ:AEIS) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
• Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.

Semtech Stock Performance

NASDAQ:SMTC opened at $85.22 on Monday. The company has a 50-day moving average price of $84.32 and a 200-day moving average price of $76.58. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $96.46. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of -193.68 and a beta of 2.06.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The firm had revenue of $274.40 million during the quarter, compared to analysts’ expectations of $273.14 million. During the same period last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts predict that Semtech Corporation will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

SMTC has been the subject of several research analyst reports. Weiss Ratings cut shares of Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Robert W. Baird raised their target price on shares of Semtech from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Benchmark reaffirmed a “buy” rating and issued a $115.00 target price on shares of Semtech in a research report on Tuesday, March 17th. Stifel Nicolaus increased their price target on shares of Semtech from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Finally, Craig Hallum increased their price target on shares of Semtech from $80.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Fourteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Insider Activity

In other Semtech news, CFO Mark Lin sold 974 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $78.42, for a total transaction of $76,381.08. Following the completion of the sale, the chief financial officer directly owned 33,343 shares in the company, valued at approximately $2,614,758.06. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 10,000 shares of the firm’s stock in a transaction dated 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 approximately $6,301,632. This represents a 12.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,884 shares of company stock valued at $3,918,630 in the last quarter. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMTC. Hantz Financial Services Inc. increased its stake in shares of Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Semtech in the 3rd quarter worth about $41,000. AlphaQuest LLC increased its stake in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 235 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 576 shares in the last quarter.

Trending Headlines about Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Management raised first-quarter FY2027 guidance: EPS $0.420–0.480 vs. consensus $0.370, and revenue $278M–$288M vs. consensus $272.1M — a clear beat that supports upside expectations for near-term results.
• Positive Sentiment: Multiple bullish analyst/commentary pieces highlight Semtech as a long-term growth and AI play, which can attract momentum and growth-focused buyers. Why Semtech (SMTC) is a top growth stock for the long term Why Semtech (SMTC) is a Top Growth Stock for the Long-Term Why Semtech Is the Top AI Stock to Buy in April
• Neutral Sentiment: Reported short-interest data is noisy/unreliable (entry shows 0 shares, NaN change, 0.0 days-to-cover). That suggests no clear short-interest signal to explain today’s move.
• Negative Sentiment: A securities-firm press release is soliciting shareholders about potential insider fiduciary-breach claims — this raises governance/legal-risk headlines that can pressure the stock while investors assess potential litigation. Did Semtech Corporation Insiders Breach their Fiduciary Duties to Shareholders?

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.