SAN DIEGO, April 21, 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, all dates inclusive (the "Class Period"), have until this upcoming 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 cer ...

Core Viewpoint - Semtech Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its CopperEdge products, which did not meet customer needs and resulted in lower-than-expected sales [1][2]. Allegations - The complaint alleges that during the class period from August 27, 2024, to February 7, 2025, Semtech's CopperEdge products failed to meet the requirements of server rack customers and end users [1]. - It is claimed that the CopperEdge products necessitated specific changes in rack architecture, which hindered sales growth during fiscal 2026 [1]. - As a result of these issues, the sales of CopperEdge products are projected to be lower than anticipated, contradicting the company's previously positive statements about its business and prospects [1]. 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 set for April 22, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [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 [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 - Rosen Law Firm is reminding investors who purchased Semtech Corporation securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The class action lawsuit against Semtech Corporation has been filed, and investors who purchased securities between August 27, 2024, and February 7, 2025, may be entitled to compensation without any out-of-pocket fees [1][2]. - Investors wishing to serve as lead plaintiff must file a motion with the Court by April 22, 2025 [2]. Group 2: Allegations Against Semtech - The lawsuit alleges that Semtech made false and misleading statements regarding its CopperEdge products, which did not meet customer needs and required architectural changes [4]. - As a result of these issues, it is claimed that sales of CopperEdge products would not meet expectations for the 2026 fiscal year, leading to lower-than-expected sales [4]. - The lawsuit asserts that the positive statements made by Semtech about its business and prospects were materially misleading [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [3]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [3].

Group 1 - The Rosen Law Firm is reminding purchasers of Semtech Corporation securities from August 27, 2024, to February 7, 2025, about the April 22, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - Investors who purchased Semtech securities during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] - The lawsuit alleges that Semtech made false and misleading statements regarding its CopperEdge products, which did not meet customer needs and would result in lower-than-expected sales [4] Group 2 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized for its performance in securities class action settlements [3] - The lawsuit claims that the misleading statements by Semtech led to investor damages when the true details about the CopperEdge products were revealed [4]

Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that affected 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, impacting the company's sales ramp-up for fiscal 2026 [2]. - The lawsuit asserts that the defendants made materially misleading statements regarding the company's business and prospects [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 [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP 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 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].

RADNOR, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Central District of California against Semtech Corporation (“Semtech”) (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is April 22, 20 ...

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, impacting the company's fiscal 2026 sales projections [1]. - The lawsuit asserts that the defendants made positive statements about the company's business and prospects that were materially misleading and lacked a reasonable basis [1]. Next Steps for Shareholders - Shareholders who purchased shares of Semtech during the specified class period are encouraged to register for the class action by April 22, 2025, to potentially be appointed as lead plaintiff [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. About the Law Firm - 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 - A class action lawsuit has been filed against Semtech Corporation due to alleged undisclosed issues with its CopperEdge products, which have negatively impacted sales and led to a significant drop in stock price [1][5]. Company Performance - Semtech's stock price was cut from $80 to $60 by Robert W. Baird & Co. due to slower-than-expected uptake of its active copper cables, resulting in a decline of $5.99 in share price on February 7, 2025 [3]. - Following a Current Report filed on February 7, 2025, Semtech disclosed that net sales from its CopperEdge products for fiscal year 2026 are expected to be lower than the previously estimated $50 million, leading to a further drop of $16.91 in share price, approximately 31%, closing at $37.60 on February 10, 2025 [4]. Legal Issues - The class action lawsuit alleges that Semtech failed to disclose heating issues with its CopperEdge products, which caused NVIDIA to reduce its purchases and develop its own processing unit [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Semtech Corporation securities between August 27, 2024, and February 7, 2025, of the upcoming lead plaintiff deadline on April 22, 2025, for a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Semtech securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by April 22, 2025 [2] - The lawsuit alleges that Semtech made false and misleading statements regarding its CopperEdge products, which did not meet customer needs and would result in lower-than-expected sales [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [3]

NEW YORK, April 15, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Semtech Corporation (NASDAQ: SMTC) between August 27, 2024 and February 7, 2025, both dates inclusive (the "Class Period"), of the important April 22, 2025 lead plaintiff deadline.So what: If you purchased Semtech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What t ...