Semtech Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. April 22, 2025 Deadline to file Lead Plaintiff Motion

Globe Newswire 27-Feb-2025 4:51 PM

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ:SMTC) investors of a class action representing investors that bought securities between August 27, 2024 and February 7, 2025, inclusive (the "Class Period"). Semtech Corporation investors have until April 22, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

The complaint alleges that the defendants made false statements and/or concealed that: (1) CopperEdge products did not meet the needs of server rack customers or end users; (2) the products required modifications to rack architecture; (3) as a result, CopperEdge sales would not scale as anticipated in fiscal 2026; (4) sales projections for CopperEdge were overstated; and (5) consequently, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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