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SEMTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating Semtech Corporation on Behalf of Semtech Stockholders and Encourages Investors to Contact the Firm
SMTCSemtech(SMTC) GlobeNewswire News Room·2025-02-13 02:00

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 50millionforfiscalyear2026duetonegativefeedbackfromakeycustomer[2]Followingthisannouncement,Semtechsstockpricedroppedbyapproximately3150 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 37.60persharewithinafewdays[2]CompanyPerformanceSemtechsCopperEdgeproductsalesarenowexpectedtobebelowthepreviouslyestimatedfloorof37.60 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]