Core Viewpoint - The Gross Law Firm is notifying shareholders of Semtech Corporation regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's CopperEdge products [1][2]. Group 1: Allegations - The complaint alleges that during the class period from August 27, 2024, to February 7, 2025, Semtech's CopperEdge products did not meet the needs of its server rack customers or end users [1]. - It is claimed that the CopperEdge products required specific rack architecture changes, which were not disclosed [1]. - As a result of these issues, the sales of CopperEdge products are expected to be lower than anticipated, impacting the company's performance in fiscal 2026 [1]. Group 2: Class Action Details - Shareholders who purchased shares of Semtech 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 software to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

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, requiring changes in rack architecture [3]. - It is alleged that sales of CopperEdge products would not increase as expected during fiscal 2026, leading to 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 defined as a representative party acting on behalf of all class members, typically the investor or group with the largest financial interest [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 - 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][2]. Group 1: Allegations of Fraud - The lawsuit claims that Semtech's CopperEdge products failed to meet the needs of its server rack customers, necessitating changes in rack architecture [2]. - It is alleged that due to these issues, sales of CopperEdge products would not increase as expected during fiscal 2026, leading to lower-than-anticipated sales [2]. - The defendants are accused of making misleading positive statements regarding the Company's business and prospects, which lacked a reasonable basis [2]. Group 2: Legal Process and Participation - 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 incurring any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

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][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 certain changes in rack architecture, which were not disclosed to investors [2]. - As a result of these issues, Semtech's 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 a lead plaintiff representative in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [3]. - Investors can choose to remain absent from the class action without affecting their ability to share in any potential recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the case [4].

Core Viewpoint - Semtech Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between August 27, 2024, and February 7, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Semtech's CopperEdge products did not meet the requirements of its server rack customers or end users [2] - It is alleged that the CopperEdge products necessitated specific changes in rack architecture [2] - Consequently, the sales of CopperEdge products are expected to be lower than anticipated, impacting the company's sales ramp-up during fiscal 2026 [2] - The defendants' positive statements regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]

Core Viewpoint - Semtech Corporation (SMTC) is expected to report strong fiscal fourth-quarter results, with anticipated revenues of $250 million, reflecting a 28.48% increase year-over-year, and a non-GAAP earnings per share of 32 cents, a significant improvement from a loss of 6 cents in the same quarter last year [1][2]. Revenue Expectations - Semtech forecasts revenues for the fiscal fourth quarter to be around $250 million, with a margin of error of +/- $5 million, compared to the Zacks Consensus Estimate of $247.91 million [1]. - The expected revenue represents a year-over-year increase of 28.48% [1]. Earnings Projections - The anticipated non-GAAP earnings per share is 32 cents, which aligns with the consensus estimate and marks a recovery from a loss of 6 cents in the previous year [2]. Market Performance Drivers - The fiscal fourth-quarter performance is likely to benefit from strong demand in infrastructure and high-end consumer markets, as well as growth in the wireless end-market driven by 5G offerings [3]. - The launch of cost-optimized 5G solutions, such as EM9492 and EM9295 modules, is expected to enhance adoption among telecom carriers [3]. - Increased compliance with various certifications for 5G modules is anticipated to further boost adoption among global networking carriers [3]. Product Line Contributions - Strong momentum in Signal Integrity and Analog Mixed Signal & Wireless product lines is expected to positively impact performance [4]. - The demand for Tri-Edge and FiberEdge transimpedance amplifier products in hyperscale data center applications is also projected to aid performance [5]. - The growing demand for LoRa devices and LoRaWAN standards is expected to contribute positively to revenue growth, particularly with new reference designs targeting smaller-scale deployments [6]. Challenges - Macroeconomic challenges, including inflation and high interest rates, may pose difficulties for the company in the fiscal fourth quarter [7]. - Concerns regarding escalating tensions between the United States and China, along with softness in the industrial end-market and Connectivity segment, are expected to negatively impact results [7]. Earnings Model Insights - According to the Zacks model, Semtech currently has an Earnings ESP of -8.42% and a Zacks Rank of 3, indicating a lower likelihood of an earnings beat [8].

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 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].

SAN DIEGO, March 10, 2025 /PRNewswire/ -- 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, 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 and certain of Semtech ...

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][2]. Group 1: Allegations of Fraud - The lawsuit claims that Semtech's CopperEdge products failed to meet the needs of server rack customers, necessitating changes in rack architecture [2]. - Due to these issues, the sales of CopperEdge products are expected to be lower than anticipated, which contradicts previous positive statements made by the company regarding its business and prospects [2]. Group 2: Legal Process and Participation - 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 incurring any out-of-pocket costs or fees [3]. Group 3: Law Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

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][2]. Group 1: Lawsuit Details - The complaint claims that Semtech's CopperEdge products failed to meet customer needs, necessitating changes in rack architecture [2]. - Due to these issues, sales of CopperEdge products are expected to be lower than anticipated, affecting the company's revenue projections for fiscal 2026 [2]. - The lawsuit asserts that the defendants made misleading statements regarding the company's business and operational prospects, lacking a reasonable basis [2]. Group 2: Investor Information - 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 eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].