INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Semtech Corporation (SMTC) Investors Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

Globe Newswire 21-Feb-2025 10:47 AM

ATLANTA, Feb. 21, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Semtech Corporation ("Semtech" or the "Company") (NASDAQ:SMTC). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about Semtech's business, operations, and prospects, including allegations that: (1) its 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; and (4) as a result, sales of CopperEdge products would be lower-than-expected.

If you bought shares of Semtech between August 27, 2024 and February 7, 2025, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at?cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm's website at www.holzerlaw.com/case/semtech/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is April 21, 2025.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website,?www.holzerlaw.com,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.? 

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com