Core Insights - Semtech Corporation is facing potential legal claims regarding violations of federal securities laws and unlawful business practices as investigated by Bragar Eagel & Squire, P.C. [1] - The company announced a significant decline in expected net sales for its CopperEdge products, projecting sales to fall below $50 million for fiscal year 2026 due to negative feedback from a key customer [2] - Following this announcement, Semtech's stock price dropped by approximately 31%, from $54.51 to $37.60 per share within a few days [2] Company Performance - Semtech's CopperEdge product sales are now expected to be below the previously estimated floor of $50 million for fiscal year 2026 [2] - The decline in sales expectations is attributed to changes in server rack architecture based on poor customer feedback [2] - The stock price experienced a significant drop of $16.91 per share, reflecting a 31% decrease in value [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Semtech stockholders regarding possible violations of securities laws [1] - The law firm is reaching out to stockholders who may have suffered losses or have information related to these claims [3]

Core Viewpoint - Semtech Corp. is under investigation for potential violations of federal securities laws, primarily related to its CopperEdge products and their performance in partnership with NVIDIA [1][2]. Company Overview - Semtech is a semiconductor and cloud connectivity service provider, which has recently discussed its partnership with NVIDIA regarding its CopperEdge products [2]. Product Issues - The CopperEdge products faced significant heating issues, leading NVIDIA to reduce its purchases and develop its own processing unit [3]. Financial Impact - On February 7, 2025, Semtech announced that the fiscal year 2026 net sales for CopperEdge are expected to be lower than the previously stated $50 million floor case scenario due to changes in rack architecture, with no anticipated ramp-up for the fiscal year [4]. - Following this announcement, Semtech's stock price plummeted over 31%, dropping from $54.51 per share to $37.60 per share between February 7 and February 10, 2025, marking the largest single-day decline in nearly 40 years [5].

LOS ANGELES, Feb. 12, 2025 (GLOBE NEWSWIRE) -- IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market, today announced that Semtech Corporation (NASDAQ:SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, has been selected as winner of the "M2M Innovative Solution of The Year" award in the 9th annual IoT Breakthrough Awards program. Semtech offers a compre ...

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Semtech Corporation ("Semtech" or the "Company") (NASDAQ:SMTC). The investigation concerns whether Semtech and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On February 10, 2025, Semtech announced that net sales of its CopperEdge products were expected to fall below its prior ...

BOSTON, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Semtech Corporation (NASDAQ:SMTC) for potential securities law violations. Investors who have lost money in their Semtech Corporation investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/smtc. What is this all about? Shares of Semtech fell as much as 33% today after the company announced that net sales of its CopperEdge products are expected ...

BOSTON, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Semtech Corporation (Nasdaq: SMTC) for potential securities law violations. Investors who have lost money in their Semtech Corporation investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/smtc. What is this all about? Shares of Semtech fell as much as 33% today after the company announced that net sales of its CopperEdge products are expecte ...

Investors might want to bet on Semtech (SMTC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individua ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Semtech Corporation (SMTC) has skyrocketed 240.3% in the past year, outperforming the broader market and industry peers. In the trailing 12 months, the Zacks Semiconductor - Analog and Mixed industry has declined 3.5%, while the Zacks Computer and Technology sector and the S&P 500 have returned 27.1% and 24.8%, respectively.Semtech has also outperformed its industry peers, including Analog Devices (ADI) , ON Semiconductors (ON) and NXP Semiconductors (NXPI) . This outperformance reflects investor confidence ...

A month has gone by since the last earnings report for Semtech (SMTC) . Shares have added about 2.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Semtech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Semtech's Q3 Earnings Beat, Sales Rise Y/YSemtech Corporati ...