SAN DIEGO, April 15, 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, 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 Semtech's top e ...

PHILADELPHIA, April 15, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Semtech Corporation (“Semtech” or the “Company”) (NASDAQ: SMTC) on behalf of purchasers of Semtech securities between August 27, 2024 through February 7, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired SEMTECH securities during the Class Period may, no later than APRIL 22, 2025, seek to be appointed as a lead plaintif ...

LOS ANGELES, April 14, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Semtech Corporation ("Semtech" or "the Company") (NASDAQ: SMTC) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between August 27, 2024 and February 7, 2025, inclusive (the "Class Period"), a ...

SAN FRANCISCO, April 14, 2025 (GLOBE NEWSWIRE) -- Semtech Corporation (NASDAQ: SMTC) is navigating a turbulent period, facing a securities class-action lawsuit alleging investor deception regarding its CopperEdge product line. Recent comments from the company’s CEO during the Q4 2025 earnings call have brought the company's close relationships with key customers into sharper focus, raising questions about prior awareness of product-related challenges. Hagens Berman is investigating the alleged claims and ur ...

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business and operations during the specified Class Period from August 27, 2024, to February 7, 2025 [1]. 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 architectural changes in server racks, 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: Lead Plaintiff Process - Investors in Semtech have until April 22, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm aims to protect investors and others from fraud and negligence by businesses [4].

Group 1: Growth Stock Characteristics - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to their inherent risks and volatility [1] - The Zacks Growth Style Score system helps identify promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] Group 2: Semtech's Growth Potential - Semtech (SMTC) is currently recommended as a growth stock, boasting a favorable Growth Score and a top Zacks Rank [2] - The historical EPS growth rate for Semtech is 2.3%, but projected EPS growth for this year is expected to be 92.9%, significantly higher than the industry average of 22.4% [4] - Semtech's asset utilization ratio is 0.66, indicating that the company generates $0.66 in sales for every dollar in assets, outperforming the industry average of 0.49 [5] - The company's sales are projected to grow by 15.3% this year, compared to the industry average of 12.1% [6] Group 3: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with stock price movements, making them a critical factor for investors [7] - The current-year earnings estimates for Semtech have increased by 12.4% over the past month, indicating a favorable outlook [8] Group 4: Overall Assessment - Semtech has achieved a Growth Score of A and a Zacks Rank of 2, suggesting it is a solid choice for growth investors and a potential outperformer [10]

Core Viewpoint - Semtech (SMTC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system highlights the importance of changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant stock transactions that affect price movements [3]. Business Improvement Indicators - The upgrade in Semtech's rating reflects an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4][9]. - Semtech is projected to earn $1.70 per share for the fiscal year ending January 2026, representing a year-over-year increase of 93.2% [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6]. - The system maintains a balanced distribution of ratings, ensuring that only the top 20% of stocks are positioned for potential market-beating returns [8][9].

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 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]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and encourages affected Semtech investors to contact them for more information [5]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

Core Viewpoint - A securities class action lawsuit has been filed against Semtech Corporation for alleged issues related to its CopperEdge product sales during the specified class period from August 27, 2024, to February 7, 2025 [1][2]. Company Overview - Semtech Corporation is headquartered in Camarillo, California, and operates as a semiconductor, digital systems, and cloud connectivity service provider. The company's product portfolio includes CopperEdge products, which are utilized in active copper cables [2]. Recent Developments - On February 7, 2025, Semtech announced that CopperEdge sales would not meet expectations for fiscal year 2026, indicating that sales would be lower than the previously estimated floor case of $50 million due to customer feedback and necessary architectural changes [3]. - Following this announcement, Semtech's stock price experienced a significant decline, dropping by $16.91, or 31%, to close at $37.60 per share on February 10, 2025 [3]. Legal Context - Investors who purchased Semtech securities during the class period have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action lawsuit [2].

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 management made materially false and misleading statements about the performance and market readiness of its CopperEdge products [1]. - Specific allegations include that the CopperEdge products did not meet customer needs, necessitating changes in rack architecture, which would lead to lower-than-expected sales in fiscal 2026 [1]. Shareholder Actions - 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]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [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].