Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells Semtech (SMTC) Stock
Rep. Gilbert Ray Cisneros Jr. sold shares of Semtech valued between $1,001 and $15,000 on September 29, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rep. Gilbert Ray Cisneros Jr. (D-CA) sold between $1,001 and $15,000 of Semtech Corporation ($SMTC) stock on September 29, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed October 12, 2026.
Since the trade, $SMTC is up 9.5% after 1 week and down 24.1% to date (from the $180.10 close on Sep 29, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Ray Cisneros Jr. (D)
- Status:
- Member — House
- Party:
- Democrat
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Oct 12, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Semtech Corporation ($SMTC) | Sell | Sep 29, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document. View the original: STOCK Act disclosure (House Clerk)
SMTC
Semtech Corporation
Key Points
- On September 29, 2026, Rep. Gilbert Ray Cisneros Jr. sold shares of Semtech Corporation, valued between $1,001 and $15,000.
- Semtech shares recently traded around $140.58, which is 30.4% below its 52-week high of $201.99.
- The stock has a mean price target of $219.29, indicating analysts expect growth despite recent insider selling.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Semtech Corporation alert may contain errors. Disclosures
Rep. Gilbert Ray Cisneros Jr. sold shares of Semtech Corporation (SMTC) on September 29, 2026, valued between $1,001 and $15,000. The transaction was reported on October 12, 2026, under the STOCK Act.
Gilbert Ray Cisneros Jr. vs. the S&P 500
Hypothetical returns from Gilbert Ray Cisneros Jr.'s disclosed trades, not real profit or advice. How we model this.
Inside Gilbert Ray Cisneros Jr.'s Trade
Cisneros's sale adds to his recent trading activity, which includes a sale of Workday shares earlier this year. This latest transaction reflects a continued pattern of activity in his investment portfolio.
Other Institutional Activity in Semtech
Several other institutional investors have also adjusted their positions in Semtech recently. Blackrock Inc. reduced its holdings by 4,472,937 shares, ending with 9,749,439 shares valued at about $1.33 billion. Vanguard Portfolio Management LLC cut its stake by 1,594,355 shares, bringing its total to 5,328,594 shares worth approximately $728.6 million. Ameriprise Financial, Inc. decreased its position by 3,999,248 shares, leaving it with 3,450,916 shares valued at around $471.8 million. These changes indicate a broader trend of trimming positions among major funds.
Semtech Corporation Stock Down 2.5%
As of October 16, 2026, Semtech shares traded recently around $140.58, which is below its 50-day moving average of $156.76 by about 10.3%. The stock is also 30.4% below its 52-week high of $201.99, suggesting it may be facing some challenges in maintaining its value.
Recent Earnings
In its most recent earnings report, Semtech posted a trailing twelve-month revenue of approximately $1.17 billion and earnings per share (EPS) of $1.51. The company has shown a year-over-year revenue growth of 32.7%. The next earnings report is scheduled for November 23, 2026.
Insider Buying and Selling at Semtech Corporation
Other insider transactions include Director Paul V Walsh Jr., who sold 500 shares at an average price of $135.48 on August 19, 2026. CEO Hong Q. Hou sold 2,000 shares at $138.71 on September 4, 2026, and Director Julie Garcia Ruehl sold 1,500 shares at $145.00 on the same day. These transactions indicate ongoing activity among Semtech's leadership.
Analysts Set New Price Targets
On September 23, 2026, Seaport Global initiated coverage on Semtech with a Buy rating and a price target of $200. Morgan Stanley maintained an Equal-Weight rating with a target of $195, while UBS also kept a Buy rating with a target of $230. The consensus among analysts is a strong buy, with a mean price target of $219.29 based on 14 opinions.
About Semtech Corporation
Semtech Corporation, based in Camarillo, California, provides semiconductor solutions and Internet of Things systems across various regions, including North America and Europe. The company operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. This recent insider trading activity comes as the company prepares for its next earnings release.
Bottom Line
Investors should keep an eye on Semtech's upcoming earnings report on November 23, 2026, and watch for further insider trading disclosures. The recent sales by insiders may signal changing perspectives on the stock's near-term performance.
Related Filing Alerts
Source: Gilbert Ray Cisneros Jr.'s STOCK Act disclosure on $SMTC (Sep 29, 2026). Read the original filing: STOCK Act disclosure (House Clerk). Written by software, not financial advice. How we make alerts