Important Notice for Semtech Corporation Shareholders Regarding Legal Rights

NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm has issued a significant notice to shareholders of Semtech Corporation (SMTC).

If you purchased shares of SMTC during the specified class period, you are encouraged to reach out to the firm for details about a possible lead plaintiff appointment. It is important to note that being appointed as a lead plaintiff is not necessary to participate in any recovery that may arise from the case.

Important Class Period

The class period is defined as starting August 27, 2024, and ending February 7, 2025. During this time, the complaint has highlighted serious allegations that may affect shareholders.

Key Allegations Against Semtech

The allegations state that throughout the class period, the defendants made materially false or misleading statements and failed to disclose critical issues regarding the Company's products. Specifically, concerns were raised about:

• Semtech's CopperEdge products failing to meet customer needs.
• Required changes in server rack architecture due to product shortcomings.
• The expectation that sales of CopperEdge products would not increase as anticipated in fiscal 2026.
• Lower-than-expected sales projections for these products.
• Misleading positive statements about the Company's performance and future prospects.

Important Deadlines to Note

The deadline for shareholders to register for this class action and potentially seek lead plaintiff status is April 22, 2025. It is advisable for you to register your information without delay by visiting this link: Register here.

Next Steps for Shareholders

Once you register as a shareholder who purchased shares of SMTC during the specified period, you will be included in a portfolio monitoring program. This service will provide you with status updates throughout the duration of the case. Participation in this case will not incur any costs or obligations for shareholders.

Why Choose Gross Law Firm?

The Gross Law Firm is a well-respected national class-action law firm that focuses on protecting the rights of investors who have suffered due to fraudulent actions and illegal practices in business. The firm is dedicated to ensuring that companies engage in responsible business practices. If companies make false or misleading statements, causing their stock to be artificially inflated, Gross Law Firm seeks to recover losses on behalf of affected investors.

Contact Information

For more information, you can reach out to:

The Gross Law Firm

15 West 38th Street, 12th floor

New York, NY, 10018

Email: [email protected]

Phone: (646) 453-8903

Semtech, Shareholders, Legal