NEW YORK, March 21, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/semt ...

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified Class Period [1][3]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, leading to required changes in rack architecture [3]. - It is alleged that sales of CopperEdge products would not ramp up as expected during fiscal 2026, resulting in lower-than-anticipated sales [3]. - The positive statements made by Semtech regarding its business and prospects are claimed to be materially misleading and lacking a reasonable basis [3]. Group 2: Legal Process and Participation - Investors in Semtech have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action [4]. - A lead plaintiff is typically the investor or small group with the largest financial interest and is responsible for directing the litigation [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [4].

Core Viewpoint - Semtech has shown signs of recovery after a significant stock drop, with recent financial results exceeding expectations and a potential rebound in its stock price [2][11]. Financial Performance - Semtech reported adjusted earnings per share (EPS) of $0.40, which is 25% higher than the expected $0.32, and sales of $251 million, slightly above the forecast [3]. - The company's adjusted EPS guidance for the next quarter is nearly 9% higher than expected at the midpoint [4]. - Fiscal 2025 saw a 5% growth in full-year sales, with Q4 growth accelerating to nearly 30% year-over-year [5]. - Adjusted gross margin increased by 430 basis points and adjusted operating margin rose by over 1000 basis points in Q4 [5]. - Sales of LoRa-enabled solutions grew by 205%, and sales to data centers in the infrastructure segment increased by 183% [6]. Debt Management - Semtech has significantly improved its balance sheet by reducing overall debt by 68% since the end of the previous year, providing more financial flexibility for future investments [6][12]. Product Development and Partnerships - The company faced challenges with its CopperEdge products due to a reduced partnership with NVIDIA, which initially led to a stock sell-off [7]. - Despite the setback, Semtech is in discussions with over 20 potential customers for its CopperEdge products, indicating ongoing interest in its technology [8]. - The CopperEdge technology enhances signal integrity for active copper cables, allowing for longer and more flexible connectivity in data centers [9]. - Demand from NVIDIA for CopperEdge is expected to lag for the next three to four quarters, but the company anticipates future orders as NVIDIA incorporates the technology into its server designs [10]. Market Outlook - Analysts have set a 12-month stock price forecast for Semtech at $61.55, indicating a potential upside of 47.91% from the current price [11]. - The company is viewed as having significant opportunities for recovery, although the timeline for a full rebound remains uncertain [12].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Semtech Corporation regarding a class action lawsuit alleging misleading statements and omissions related to the company's CopperEdge products [1][2]. Allegations - The complaint claims that during the class period from August 27, 2024, to February 7, 2025, Semtech's CopperEdge products did not meet customer needs, necessitating changes in rack architecture [1]. - As a result of these issues, sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company regarding its business and prospects [1]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 22, 2025, to seek lead plaintiff status [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle, with no cost or obligation to join [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices [3].

Semtech Corporation (SMTC) shares have climbed 18.2% since the company reported overwhelming fourth- quarter fiscal 2025 results on March 13. After the fourth-quarter earnings release, Semtech shares have outperformed the Zacks Semiconductor - Analog and Mixed industry, Zacks Computer and Technology sector, the S&P 500 and the Technology Select Sector SPDR Fund's (XLK) return of 3.9%, 0.7%, 1.5% and 2.2%, respectively. Semtech's Price Performance Return Since Q4 Earnings Image Source: Zacks Investment Resea ...

SAN DIEGO, March 18, 2025 /PRNewswire/ -- 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 Tuesday, 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 as well as certain of Semt ...

Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that negatively impacted investors between August 27, 2024, and February 7, 2025 [1]. Group 1: Lawsuit Details - The complaint claims that Semtech made false statements regarding its CopperEdge products, which allegedly did not meet customer needs, leading to required changes in rack architecture [2]. - As a result of these issues, the sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company about its business and prospects [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].

Core Viewpoint - Semtech Corporation (SMTC) reported strong fourth-quarter fiscal 2025 earnings, leading to a 21.06% increase in share price to $39.60, driven by operational efficiency and effective expense management [1][2]. Financial Performance - SMTC's non-GAAP earnings for Q4 fiscal 2025 were 40 cents per share, exceeding Zacks Consensus Estimate by 25% and management's guidance of 32 cents, significantly up from 6 cents in the same quarter last year [2]. - The company's revenues for Q4 fiscal 2025 reached $251 million, beating the Zacks Consensus Estimate by 1.25% and aligning with management's guidance of $250 million, reflecting a 30.1% year-over-year growth [3]. Revenue Breakdown - Revenue from the infrastructure market was $69.1 million (27.5% of net sales), showing a 75% year-over-year increase, primarily due to demand for data centers and expansion in the FiberEdge portfolio [5]. - Sales from the industrial market totaled $146.6 million (58.4% of net sales), marking a 21% year-over-year growth [5]. - High-end consumer market sales were $35.4 million (14.1% of net sales), up 10% year over year, driven by strong market demand and contributions from design wins [6]. Product Line Performance - Signal Integrity sales were $72.5 million (28.9% of net sales), up 69.4% year over year [7]. - Analog Mixed Signal & Wireless sales reached $85.4 million (35% of net sales), reflecting a 34% year-over-year increase [7]. - IoT System and Connectivity sales were $93.1 million (37.09% of net sales), up 3.8% year over year [7]. Margin Analysis - The non-GAAP gross margin improved to 53.2%, expanding 430 basis points year over year and 80 basis points sequentially [8]. - The non-GAAP operating margin was reported at 19.9%, compared to 9.2% in the same quarter last year [8]. Balance Sheet and Cash Flow - As of January 26, 2025, cash and cash equivalents increased to $151.7 million from $136.5 million as of October 27, 2024 [9]. - Long-term debt decreased to $505.9 million from $1.19 billion in the previous quarter [10]. - Operating cash flow for the quarter was $33.5 million, while free cash flow was $30.9 million [10]. Future Guidance - For Q1 fiscal 2026, Semtech expects net sales of $250 million (+/- $5 million), indicating a 21% year-over-year growth, with the Zacks Consensus Estimate at $248.80 million [11]. - The company anticipates a non-GAAP gross margin of 53% (+/- 50 bps) and a non-GAAP operating margin of 18.2%, suggesting a 600 basis points year-over-year improvement [12]. - Non-GAAP earnings are projected at 37 cents (+/- 3 cents) per share, compared to the consensus mark of 32 cents, indicating an improvement from 6 cents in the year-ago quarter [13].

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified class period from August 27, 2024, to February 7, 2025 [1][2]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet the needs of its server rack customers or end users [2]. - It is alleged that the CopperEdge products required changes in rack architecture, which were not disclosed to investors [2]. - As a result of these issues, sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company [2]. Group 2: Legal Process for Investors - Semtech investors have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action [3]. - A lead plaintiff acts on behalf of all class members and typically has the largest financial interest in the case [3]. - Investors can choose to remain absent class members without affecting their ability to share in any recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm emphasizes its commitment to protecting investors and consumers from fraud and negligence [4].

Investors who purchased Semtech stock between August 27, 2024 and February 7, 2025 may be eligible for compensationMARLTON, N.J., March 14, 2025 /PRNewswire/ -- Console & Associates, P.C. is investigating potential claims against Semtech Corporation (NASDAQ: SMTC) on behalf of investors who purchased the stock during the period of August 27, 2024 through February 7, 2025 (the "Class Period"). Investors who suffered significant losses are encouraged to contact the securities attorneys at Console & Associates ...