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 defined as a representative party acting on behalf of all class members, typically the investor or group 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].

NEW YORK, March 12, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/semt ...

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 the needs of its server rack customers or end users [2]. - It is alleged that the CopperEdge products required certain changes in rack architecture, which were not disclosed to investors [2]. - As a result of these issues, Semtech's sales of CopperEdge products are expected to be lower than anticipated, contradicting previous positive statements made by the company [2]. Group 2: Legal Process for Investors - Semtech investors have until April 22, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [3]. - Investors can choose to remain absent from the class action without affecting their ability to share in any potential recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]. - The firm encourages affected Semtech investors to contact them for more information regarding the case [4].

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra- ...

Core Viewpoint - Semtech Corporation (SMTC) is expected to report strong fiscal fourth-quarter results, with anticipated revenues of $250 million, reflecting a 28.48% increase year-over-year, and a non-GAAP earnings per share of 32 cents, a significant improvement from a loss of 6 cents in the same quarter last year [1][2]. Revenue Expectations - Semtech forecasts revenues for the fiscal fourth quarter to be around $250 million, with a margin of error of +/- $5 million, compared to the Zacks Consensus Estimate of $247.91 million [1]. - The expected revenue represents a year-over-year increase of 28.48% [1]. Earnings Projections - The anticipated non-GAAP earnings per share is 32 cents, which aligns with the consensus estimate and marks a recovery from a loss of 6 cents in the previous year [2]. Market Performance Drivers - The fiscal fourth-quarter performance is likely to benefit from strong demand in infrastructure and high-end consumer markets, as well as growth in the wireless end-market driven by 5G offerings [3]. - The launch of cost-optimized 5G solutions, such as EM9492 and EM9295 modules, is expected to enhance adoption among telecom carriers [3]. - Increased compliance with various certifications for 5G modules is anticipated to further boost adoption among global networking carriers [3]. Product Line Contributions - Strong momentum in Signal Integrity and Analog Mixed Signal & Wireless product lines is expected to positively impact performance [4]. - The demand for Tri-Edge and FiberEdge transimpedance amplifier products in hyperscale data center applications is also projected to aid performance [5]. - The growing demand for LoRa devices and LoRaWAN standards is expected to contribute positively to revenue growth, particularly with new reference designs targeting smaller-scale deployments [6]. Challenges - Macroeconomic challenges, including inflation and high interest rates, may pose difficulties for the company in the fiscal fourth quarter [7]. - Concerns regarding escalating tensions between the United States and China, along with softness in the industrial end-market and Connectivity segment, are expected to negatively impact results [7]. Earnings Model Insights - According to the Zacks model, Semtech currently has an Earnings ESP of -8.42% and a Zacks Rank of 3, indicating a lower likelihood of an earnings beat [8].

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 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].

SAN DIEGO, March 10, 2025 /PRNewswire/ -- 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, inclusive (the "Class Period"), have until Tuesday, 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 Semtech ...

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra- ...

NEW YORK, March 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/semte ...

RADNOR, Pa., March 6, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against Semtech Corporation ("Semtech") (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 22, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Semtech losses, yo ...