SMTC Stockholders with Large Losses Should Contact Robbins LLP for Information About How to Lead the Class Action Against Semtech Corporation

Core Viewpoint - A class action has been filed against Semtech Corporation for allegedly misleading 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 customer needs, necessitating changes in rack architecture [2]. - It is alleged that due to these issues, sales of CopperEdge products would not ramp up as expected during fiscal 2026, leading to lower-than-anticipated sales [2]. - Positive statements made by the company regarding its business operations and prospects were claimed to be materially misleading [2]. Stock Price Impact - Following the announcement on February 7, 2025, that CopperEdge sales would not meet expectations, Semtech's stock price dropped by $16.91, or 31$37.60 per share on February 10, 2025 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by April 22, 2025, but participation is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5].