Semtech Corporation Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Semtech Corporation

Core Viewpoint - A securities class action lawsuit has been filed against Semtech Corporation for alleged misleading statements regarding its CopperEdge products, which are expected to underperform, leading to significant stock price decline [1][4][5]. Company Overview - Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductors and advanced algorithms, including CopperEdge products used in active copper cables [3]. Allegations - The complaint alleges that during the class period, Semtech made false or misleading statements and failed to disclose that: - CopperEdge products did not meet the needs of server rack customers or end users [4]. - Changes in rack architecture were required for CopperEdge products [4]. - Sales of CopperEdge products would not ramp up as expected during fiscal 2026 [4]. - Consequently, sales would be lower than previously estimated, specifically below the $50 million floor case estimate [4][5]. Impact of Disclosure - On February 7, 2025, Semtech disclosed that CopperEdge sales would not ramp up as anticipated, leading to a stock price drop of approximately 38% over consecutive trading sessions [5].