NASDAQ: SMTC CLASS ACTION NOTICE: Berger Montague Encourages Semtech Corporation (NASDAQ: SMTC) Investors to Inquire About a Securities Fraud Class Action

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 [1][3]. Company Overview - Semtech Corporation is headquartered in Camarillo, California, and operates in the semiconductor, digital systems, and cloud connectivity sectors. The company offers a range of products, including CopperEdge, which is utilized in active copper cables [2]. Class Action Details - The lawsuit pertains to investors who purchased Semtech securities between August 27, 2024, and February 7, 2025. Investors have until April 22, 2025, to seek appointment as lead plaintiff [1][2]. - The lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. Sales Performance and Stock Impact - On February 7, 2025, Semtech announced that CopperEdge sales would not meet previously expected levels, forecasting sales to be lower than the estimated $50 million due to necessary architectural changes [3]. - Following this announcement, Semtech's stock price dropped by$16.91, or 31%, closing at $37.60 per share on February 10, 2025 [3].