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Semtech Corporation (NASDAQ: SMTC) Securities Fraud Class Action

COMPANY       Semtech Corporation
COURT United States District Court for the Central District of California
CASE NUMBER 2:25-cv-01474
JUDGE The Hon. Mark Christopher Scarsi
CLASS PERIOD  October 10, 2024 through February 7, 2025  
SECURITY TYPE  Securities

Case Background:

This is a class action lawsuit filed on behalf of those who purchased or otherwise acquired Semtech Corporation (“Semtech”) (NASDAQ: SMTC) securities between October 10, 2024, and February 7, 2025, inclusive (the “Class Period”).

The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Semtech’s CopperEdge products did not meet the needs of its server rack customer or end users; (2) as a result, the CopperEdge products required certain rack architecture changes; (3) as a result of the foregoing, Semtech’s sales of CopperEdge products would not ramp-up during fiscal 2026; (4) as a result, sales of CopperEdge products would be lower-than-expected; and (5) as a result of all of the foregoing, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Current Status of Case:

Defendants filed a Motion to Dismiss the Amended Complaint on August 11, 2025. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Complete this form with your transactions in Semtech Corporation securities between October 10, 2024 and February 7, 2025.

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SUBMIT YOUR INFORMATION
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Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Semtech Corporation prior to the Class Period?
Are you a current or former employee of Semtech Corporation?
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