Investors might want to bet on Semtech (SMTC) , as it has been recently upgraded to a Zacks Rank #2 (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.The power of a c ...

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified Class Period [1][3]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [3]. - It is alleged that sales of CopperEdge products would not increase as expected during fiscal 2026, leading to lower-than-anticipated sales [3]. - The positive statements made by Semtech regarding its business and prospects are claimed to be materially misleading and lacking a reasonable basis [3]. Group 2: Legal Process and Participation - Investors in Semtech have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action [4]. - A lead plaintiff is typically the investor or small group with the largest financial interest and is responsible for directing the litigation [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and encourages affected Semtech investors to contact them for more information [5]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

PHILADELPHIA, April 9, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Semtech Corporation ("Semtech" or the "Company") (NASDAQ: SMTC) on behalf of purchasers of Semtech securities between August 27, 2024 through February 7, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired SEMTECH securities during the Class Period may, no later than APRIL 22, 2025, seek to be appointed as a lead plaintiff repr ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Semtech Corporation regarding a class action lawsuit alleging misleading statements and omissions related to the company's CopperEdge products [1][2]. Allegations - The complaint claims that during the class period from August 27, 2024, to February 7, 2025, Semtech's management made materially false and misleading statements about the performance and market readiness of its CopperEdge products [1]. - Specific allegations include that the CopperEdge products did not meet customer needs, necessitating changes in rack architecture, which would lead to lower-than-expected sales in fiscal 2026 [1]. Shareholder Actions - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 22, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to hold companies accountable for misleading practices [3].

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].

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified Class Period [1][2]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [2]. - It is alleged that sales of CopperEdge products would not ramp up as expected during fiscal 2026, leading to lower-than-anticipated sales [2]. - Defendants' positive statements about the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to the undisclosed issues [2]. Group 2: Legal Process for Investors - Semtech investors can seek to be appointed as lead plaintiffs by April 22, 2025, or may choose to remain absent class members [3]. - The lead plaintiff represents all class members in directing the litigation and selects counsel to represent the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the case [4].

Core Viewpoint - Securities class action lawsuits have been filed against Semtech Corporation for allegedly making materially false and misleading statements regarding its business operations and product performance during the specified class period [1][3]. Group 1: Allegations Against Semtech - The complaint claims that Semtech's CopperEdge products did not meet customer needs, requiring changes in rack architecture [3]. - It is alleged that sales of CopperEdge products would not increase as expected during fiscal 2026, leading to lower-than-anticipated sales [3]. - The positive statements made by Semtech regarding its business and prospects are claimed to be materially misleading and lacking a reasonable basis [3]. Group 2: Legal Process and Participation - Investors in Semtech have until April 22, 2025, to seek appointment as lead plaintiff representatives in the class action [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any recovery from the lawsuit [4].

Core Viewpoint - A class action securities lawsuit has been filed against Semtech Corporation, alleging securities fraud that negatively impacted investors between August 27, 2024, and February 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Semtech's CopperEdge products failed to meet the needs of its server rack customers, necessitating changes in rack architecture [2]. - Due to these issues, the sales of CopperEdge products are expected to be lower than anticipated, which contradicts previous positive statements made by the company regarding its business and prospects [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until April 22, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

SAN DIEGO, April 03, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons or entities that purchased or otherwise acquired Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 27, 2025. Semtech is a semiconductor, digital systems, and cloud connectivity service provider. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating A ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Semtech Corporation (NASDAQ: SMTC). Shareholders who purchased shares of SMTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/semtech-corporation-loss-submission-form/?id=140428&from=3  CLASS PERIOD: Aug ...