SMTC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Semtech Corporation Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - Semtech Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company's CopperEdge products did not meet customer needs, leading to lower-than-expected sales [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Kleovoulos v. Semtech Corporation, and it covers purchasers of Semtech securities from August 27, 2024, to February 7, 2025 [1]. - Investors have until April 22, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Semtech's executives made false or misleading statements regarding the performance and sales expectations of CopperEdge products [3][4]. Group 2: Allegations Against Semtech - The lawsuit claims that Semtech's CopperEdge products failed to meet the requirements of server rack customers, necessitating changes in rack architecture [3]. - As a result of these issues, Semtech's sales of CopperEdge products are expected to be lower than the previously estimated minimum of $50 million for fiscal 2026 [4]. - Following the announcement of these sales expectations, Semtech's stock price reportedly fell by approximately 31% [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Semtech securities during the class period to seek the role of lead plaintiff [5]. - Robbins Geller Rudman & Dowd LLP is representing investors in this case and is recognized as a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in related class action cases [6].