Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells Semtech (SMTC) Stock
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:
- Jul 2, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Semtech Corporation ($SMTC) | Sell | Jun 30, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document.
Key Points
- Democratic Representative Gilbert Ray Cisneros Jr. disclosed the sale of Semtech Corporation stock on July 2, 2026, with the transaction valued between $1,001 and $15,000.
- Semtech Corporation recently traded around $140.58, sitting below its 50-day moving average.
- Semtech Corporation does not pay a dividend to its shareholders.
Since the trade, $SMTC is down 21.9% after 1 week, down 29.2% after 1 month and down 12.1% to date (from the $161.85 close on Jun 30, 2026).
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Democratic Representative Gilbert Ray Cisneros Jr. sold shares of Semtech Corporation (NASDAQ: SMTC), according to a periodic transaction report filed with the House on July 2, 2026. The trade took place on June 30, 2026, and was disclosed as having a value between $1,001 and $15,000 under the STOCK Act rules.
SMTC
Semtech Corporation
Inside Rep. Gilbert Ray Cisneros Jr.'s Semtech Trade
The disclosed trade falls into a standard reporting range required for congressional stock disclosures, meaning the exact share volume and precise dollar amount remain undisclosed. The transaction was logged as a sale by the Democratic lawmaker representing California's 31st district. It follows a series of other disclosure filings submitted by the representative over recent months, including stock purchases in firms such as WuXi AppTec, Enerpac Tool Group, and YETI Holdings.
Other Institutional Activity in Semtech Corporation
Large institutional funds adjusted their holdings in the semiconductor maker during recent periods. Jane Street Group, LLC grew its holdings by 2,578,234 shares, ending with 3,351,040 shares worth about $476,584,912. PFG Advisors picked up a new position with 9,289 shares valued at $1,656,693. Meanwhile, Ameriprise Financial, Inc. reduced its stake by 3,999,248 shares to finish with 3,450,916 shares worth $490,789,277, and Hood River Capital Management LLC trimmed 37,057 shares to hold 2,250,382 shares valued at $320,049,330.
Semtech Corporation Stock Up 2.8%
Semtech shares recently traded around $140.58 as of October 16, 2026, down about 13.1% from an event-day close of $161.85 on June 30, 2026. The stock trades below its 50-day moving average of $156.85, though it remains above its 200-day moving average of $122.26.
Recent Earnings
Semtech generated $1.17 billion in trailing twelve-month revenue with earnings of $1.57 per share. The company posted a net margin of 13.1% and a return on equity of 23.7%. Its next earnings report is scheduled for November 23, 2026.
Dividend
Semtech Corporation does not pay a dividend, leaving its dividend yield and payout ratio at zero as the firm reinvests capital into its operations.
Insider Buying and Selling at Semtech Corporation
Company insiders completed several open-market sales later in the year. Chief Executive Officer Hong Q. Hou sold 2,000 shares on September 4, 2026, at an average price of $138.71 for a total value of $277,420. Director Julie Garcia Ruehl sold 1,500 shares on the same date at $145.00 each, totaling $217,500. Chief Financial Officer Mark Lin sold 683 shares on September 10, 2026, at $159.90 for a value of $109,212, and Director Paul V. Walsh Jr. sold 500 shares on August 19, 2026, at $135.48 for $67,740.
Analysts Set New Price Targets
Several research firms updated their views on the stock following earnings reports. Morgan Stanley maintained an Equal-Weight rating while raising its price target to $195.00 on August 26, 2026. UBS kept a Buy rating and lifted its target to $230.00 on August 26, 2026. Northland Capital Markets upgraded the stock to Outperform with an $182.00 target on August 27, 2026. Baird maintained an Outperform rating while raising its target to $300.00 on August 27, 2026, and Seaport Global initiated coverage with a Buy rating and a $200.00 target on September 23, 2026. The stock carries a consensus recommendation of Strong Buy with a mean price target of $217.07.
About Semtech Corporation
Semtech Corporation designs and manufactures analog and mixed-signal semiconductors, Internet of Things systems, and cloud connectivity products. Headquartered in Camarillo, California, the company supplies infrastructure components used across industrial, enterprise, and communications markets worldwide.
Bottom Line
Congressional stock disclosures provide a record of transactions made by lawmakers but do not indicate underlying portfolio strategies or provide investment guidance. Observers will monitor the company's next earnings report on November 23, 2026, for further financial updates.
Related Filing Alerts
Source: Gilbert Ray Cisneros Jr.'s STOCK Act disclosure on $SMTC (Jun 30, 2026). Written by software, not financial advice. How we make alerts