Faruqi & Faruqi Reminds Semtech Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 22, 2025 - SMTC

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Semtech Corporation due to allegations of misleading statements regarding its CopperEdge products, which have led to significant financial losses for investors [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $75,000 in Semtech between August 27, 2024, and February 7, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Semtech, with a deadline of April 22, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech and its executives violated federal securities laws by making false or misleading statements about the CopperEdge products [4]. - Specific allegations include that the CopperEdge products did not meet customer needs, required architectural changes, and would not achieve expected sales growth during fiscal 2026 [4]. - Following the announcement on February 7, 2025, that CopperEdge sales would be lower than previously estimated, Semtech's stock price fell by$16.91, or 31%, closing at $37.60 per share on February 10, 2025 [5]. Group 3: Investor Communication - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Semtech's conduct [7]. - Investors can learn more about the class action and their rights by contacting the firm directly [7].