Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Semtech Corporation for misleading statements regarding its CopperEdge products during the Class Period from August 27, 2024, to February 7, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Semtech made false and misleading statements about its CopperEdge products, which did not meet customer needs and required architectural changes [5]. - As a result of these issues, Semtech's sales of CopperEdge products are expected to be lower than anticipated, impacting the company's business outlook [5]. Group 2: Participation Information - Investors who purchased Semtech securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].

SAN DIEGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 7, 2025, both dates inclusive (the “Class Period”), have until 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 and certain of Se ...

Core Viewpoint - A lawsuit has been filed against Semtech Corp. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about their CopperEdge products [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, titled Kleovoulos v. Semtech Corporation, et al., No. 25-cv-1474 [2]. - Investors have until April 22, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech misrepresented the capabilities of its CopperEdge products, which were claimed to meet the needs of service rack customers but actually required architecture changes [3]. Group 3: Stock Performance Impact - Following the announcement on February 7, 2025, that CopperEdge's fiscal year 2026 net sales would be lower than the $50 million floor case scenario, Semtech's stock price dropped over 31%, from $54.51 to $37.60 per share [4][5]. - This decline marked the largest single-day drop for Semtech stock in nearly 40 years [5].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation, alleging that the company misled investors regarding its business prospects, particularly concerning its CopperEdge products [1][2]. Allegations - The complaint states that Semtech failed to disclose that its CopperEdge products did not meet the needs of server rack customers and end users [2]. - It is alleged that the CopperEdge products required specific rack architecture changes, which were not communicated to investors [2]. - As a result of these issues, sales of CopperEdge products were expected to be lower than previously estimated, contradicting the company's positive statements about its business [2]. - The company anticipated that CopperEdge sales would not ramp up during fiscal 2026, leading to a significant downward revision of sales expectations [2][3]. Impact on Stock Price - Following the announcement on February 7, 2025, regarding the lower-than-expected sales of CopperEdge products, Semtech's stock price dropped by $16.91, or 31%, closing at $37.60 per share on February 10, 2025 [3]. Class Action Participation - Shareholders interested in participating in the class action must file their papers by April 22, 2025, to serve as lead plaintiffs [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4]. About Robbins LLP - Robbins LLP is noted for its focus on shareholder rights litigation, helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation for alleged violations of securities laws, specifically related to misleading statements about the company's product performance and sales expectations [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Semtech's securities between August 27, 2024, and February 7, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech made false and misleading statements regarding its CopperEdge product line, which did not meet customer needs [4]. - Due to necessary architectural changes to the CopperEdge products, sales were expected to decline in fiscal 2026, contradicting previous public statements [4]. - The revelation of these issues led to investor losses when the truth about Semtech's product performance became known [4].

Core Viewpoint - A class action lawsuit has been filed against Semtech Corporation, alleging that the company misled investors regarding its CopperEdge product portfolio and its ramp-up schedule [1][2]. Group 1: Lawsuit Details - The lawsuit, titled Kleovoulos v. Semtech Corporation, represents investors who acquired Semtech securities between August 27, 2024, and February 7, 2025 [1][2]. - The complaint claims that Semtech made false and misleading statements about the CopperEdge products, which were intended for next-generation 400G and 800G data center interconnects [2][3]. - It is alleged that the CopperEdge products did not meet the needs of server rack customers and required specific rack architecture changes, impacting sales expectations for fiscal 2026 [2][3]. Group 2: Market Reaction - On February 7, 2025, Semtech disclosed that CopperEdge sales would not ramp up as previously indicated, leading to a significant drop in stock price [3]. - Following this announcement, Semtech's stock price fell by over 30%, resulting in a loss of more than $1.4 billion in market capitalization in one trading day [3]. Group 3: Investigation Insights - Hagens Berman, the law firm investigating the claims, expressed concerns that Semtech may have been aware of issues with its CopperEdge products but failed to disclose them [4]. - The firm is encouraging investors who suffered losses or have relevant information to come forward [4].

Core Viewpoint - Semtech Corporation is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding its CopperEdge products, which are expected to underperform in sales [1][3][4]. Company Overview - Semtech designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms, including CopperEdge products used in active copper cables [2]. Allegations of the Lawsuit - The lawsuit claims that Semtech and its executives made false statements and failed to disclose that: - CopperEdge products did not meet the needs of server rack customers [3]. - Changes in rack architecture were necessary for the products [3]. - Sales of CopperEdge products would not increase as expected during fiscal 2026 [3]. - Consequently, sales would be lower than previously estimated, specifically below a floor case estimate of $50 million [4]. Impact of the Allegations - Following the announcement on February 7, 2025, regarding the expected lower sales of CopperEdge products, Semtech's stock price fell approximately 31% [4]. Legal Process - Investors who purchased Semtech securities during the class period (August 27, 2024, to February 7, 2025) can seek appointment as lead plaintiff in the class action lawsuit [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases, and is recognized for securing significant monetary relief for investors [6].

Core Viewpoint - The Schall Law Firm is investigating Semtech Corporation for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Group 1: Company Performance - Semtech announced on February 7, 2025, that sales of its CopperEdge products are expected to fall below the previously anticipated $50 million threshold [2]. - The decline in sales is attributed to the need for changes in server rack architecture due to negative feedback from a significant customer [2]. - Following this announcement, Semtech's shares experienced a drop of over 31% on February 10, 2025 [2]. Group 2: Legal Investigation - The investigation by the Schall Law Firm focuses on whether Semtech issued false or misleading statements or failed to disclose critical information to investors [2]. - Shareholders who have suffered losses are encouraged to participate in the investigation and can contact the Schall Law Firm for further discussion [3].

Core Viewpoint - Semtech Corporation (SMTC) has experienced a significant decline in stock price, dropping 50.6% in the past month, which is a stark contrast to the performance of the semiconductor industry and broader market indices [1][2]. Group 1: Financial Performance and Forecast - The company's net sales for its CopperEdge products are projected to fall below the previous estimate of $50 million for fiscal 2026 due to changes in server rack architecture influenced by feedback from NVIDIA, a key customer [2]. - The Zacks Consensus Estimate anticipates revenue growth of 4.3% for fiscal 2025 and 18.47% for fiscal 2026, with EPS expected to increase by 442.86% for fiscal 2025 and 118.86% for fiscal 2026 [14]. Group 2: Legal and Regulatory Challenges - Following the negative sales forecast, several law firms have initiated lawsuits against Semtech, suspecting potential breaches of securities law, which has contributed to investor panic and stock decline [3]. Group 3: Market and Competitive Landscape - Semtech faces significant economic and competitive challenges, with China and Hong Kong contributing 32% of total revenues in 2024, but geopolitical uncertainties and regulatory hurdles may impact future growth in this region [5]. - The company competes with major players like Broadcom, STMicroelectronics, and ON Semiconductor in the semiconductor market, which intensifies pricing pressures and affects profit margins [6][8]. Group 4: Technical Indicators - Semtech shares are currently trading below the 50-day moving average, a technical indicator that suggests a potential continuation of the downward trend [10]. Group 5: Growth Opportunities - Despite current challenges, Semtech is committed to innovation and has a strong pipeline of products in high-demand markets such as AI and IoT, with IoT revenues growing 11% sequentially in the third quarter of fiscal 2025 [12][13]. - The company has highlighted strong bookings and backlog for IoT solutions, indicating momentum in sectors like smart cities, agriculture, and logistics [14]. Group 6: Investment Outlook - The stock is currently rated as a Zacks Rank 3 (Hold), suggesting that while the recent decline is concerning, the company's innovative products and growth potential in key segments warrant holding the stock for now [17].

Core Insights - Semtech Corporation's shares have declined over 30% following the announcement that net sales of its CopperEdge products are expected to fall below the previous estimate of $50 million for fiscal year 2026 due to changes in server rack architecture and negative feedback from a key customer [2] - Block & Leviton is investigating potential securities law violations by Semtech and is reaching out to investors who have incurred losses [1][4] Group 1 - Semtech's projected sales for CopperEdge products have significantly decreased, impacting investor confidence [2] - The company had previously made optimistic sales projections during its Q3 2024 earnings call, which contrasts sharply with the current outlook [2] - Investors who have lost money on Semtech's stock are encouraged to contact Block & Leviton for potential recovery options [3][5] Group 2 - Block & Leviton is actively investigating Semtech for possible securities law violations and may pursue legal action on behalf of affected investors [4] - The firm is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7] - Whistleblowers with non-public information about Semtech are encouraged to assist in the investigation, with potential rewards for original information provided to the SEC [6]