NEW YORK, Feb. 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Semtech Corporation (NASDAQ: SMTC).Shareholders who purchased shares of SMTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/semtech-corporation-loss-submission-form/?id=132358&from=4 CLASS PERIOD: August 27, 2 ...

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Semtech Corp. (NASDAQ: SMTC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Semtech, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/semtech-corp. Investors have until April 22, 2025, to ask the Court to be appointed to lead the ...

NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Semtech Corporation (“Semtech” or “the Company”) (NASDAQ: SMTC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Semtech ...

SAN FRANCISCO, Feb. 25, 2025 /PRNewswire/ -- A class action lawsuit has been filed against Semtech Corporation (NASDAQ: SMTC), a prominent high-performance, semiconductor, Internet of Things systems and cloud connectivity service provider, alleging that the company misled investors about the suitability of- and the ramp-up schedule for- its CopperEdge™ product portfolio. The suit, captioned Kleovoulos v. Semtech Corporation, et al., No. 2:25-cv-01474 (C.D. Cal.), represents investors who purchased or acquir ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Semtech Corporation for misleading statements regarding its CopperEdge products during the Class Period from August 27, 2024, to February 7, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Semtech made false and misleading statements about its CopperEdge products, which did not meet customer needs and required architectural changes [5]. - As a result of these issues, Semtech's sales of CopperEdge products are expected to be lower than anticipated, impacting the company's business outlook [5]. Group 2: Participation Information - Investors who purchased Semtech securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].

SAN DIEGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 7, 2025, both dates inclusive (the “Class Period”), have until April 22, 2025 to seek appointment as lead plaintiff of the Semtech class action lawsuit. Captioned Kleovoulos v. Semtech Corporation, No. 25-cv-01474 (C.D. Cal.), the Semtech class action lawsuit charges Semtech and certain of Se ...

Core Viewpoint - A lawsuit has been filed against Semtech Corp. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about their CopperEdge products [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, titled Kleovoulos v. Semtech Corporation, et al., No. 25-cv-1474 [2]. - Investors have until April 22, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech misrepresented the capabilities of its CopperEdge products, which were claimed to meet the needs of service rack customers but actually required architecture changes [3]. Group 3: Stock Performance Impact - Following the announcement on February 7, 2025, that CopperEdge's fiscal year 2026 net sales would be lower than the $50 million floor case scenario, Semtech's stock price dropped over 31%, from $54.51 to $37.60 per share [4][5]. - This decline marked the largest single-day drop for Semtech stock in nearly 40 years [5].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation, alleging that the company misled investors regarding its business prospects, particularly concerning its CopperEdge products [1][2]. Allegations - The complaint states that Semtech failed to disclose that its CopperEdge products did not meet the needs of server rack customers and end users [2]. - It is alleged that the CopperEdge products required specific rack architecture changes, which were not communicated to investors [2]. - As a result of these issues, sales of CopperEdge products were expected to be lower than previously estimated, contradicting the company's positive statements about its business [2]. - The company anticipated that CopperEdge sales would not ramp up during fiscal 2026, leading to a significant downward revision of sales expectations [2][3]. Impact on Stock Price - Following the announcement on February 7, 2025, regarding the lower-than-expected sales of CopperEdge products, Semtech's stock price dropped by $16.91, or 31%, closing at $37.60 per share on February 10, 2025 [3]. Class Action Participation - Shareholders interested in participating in the class action must file their papers by April 22, 2025, to serve as lead plaintiffs [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4]. About Robbins LLP - Robbins LLP is noted for its focus on shareholder rights litigation, helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation for alleged violations of securities laws, specifically related to misleading statements about the company's product performance and sales expectations [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Semtech's securities between August 27, 2024, and February 7, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech made false and misleading statements regarding its CopperEdge product line, which did not meet customer needs [4]. - Due to necessary architectural changes to the CopperEdge products, sales were expected to decline in fiscal 2026, contradicting previous public statements [4]. - The revelation of these issues led to investor losses when the truth about Semtech's product performance became known [4].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation, alleging that the company misled investors regarding its CopperEdge product portfolio and its ramp-up schedule [1][2]. Group 1: Lawsuit Details - The lawsuit, titled Kleovoulos v. Semtech Corporation, represents investors who acquired Semtech securities between August 27, 2024, and February 7, 2025 [1][2]. - The complaint claims that Semtech made false and misleading statements about the CopperEdge products, which were intended for next-generation 400G and 800G data center interconnects [2][3]. - It is alleged that the CopperEdge products did not meet the needs of server rack customers and required specific rack architecture changes, impacting sales expectations for fiscal 2026 [2][3]. Group 2: Market Reaction - On February 7, 2025, Semtech disclosed that CopperEdge sales would not ramp up as previously indicated, leading to a significant drop in stock price [3]. - Following this announcement, Semtech's stock price fell by over 30%, resulting in a loss of more than $1.4 billion in market capitalization in one trading day [3]. Group 3: Investigation Insights - Hagens Berman, the law firm investigating the claims, expressed concerns that Semtech may have been aware of issues with its CopperEdge products but failed to disclose them [4]. - The firm is encouraging investors who suffered losses or have relevant information to come forward [4].