WHY? It is alleged in a recently filed securities fraud class action complaint that Semtech Corporation (NASDAQ: SMTC) made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects including (1) that its CopperEdge products did not meet the needs of its server rack customer or end users; (2) that, as a result, the CopperEdge products required certain rack architecture changes; (3) that, as a result of the foregoing, the Company's sales of CopperEdge products would not ramp-up during fiscal 2026; (4) that, as a result, sales of CopperEdge products would be lower-than-expected; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT YOU CAN DO NOW: If you purchased Semtech Corporation (NASDAQ: SMTC) shares prior to October 10, 2024, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/semtech-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.
#Semtech $SMTC
Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

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