Kaskela Law is investigating Semtech Corporation (NASDAQ: SMTC) (“Semtech”) on behalf of the company’s long-term shareholders.

Recently a securities fraud complaint was filed against Semtech on behalf of investors who purchased shares of the company’s stock between October 10, 2024 and February 7, 2025 (the “Relevant Period”).  According to the complaint, during the Relevant Period, Semtech and certain of the company’s senior executive officers made a series of materially false and/or misleading statements to investors about demand for the company’s CopperEdge products.

As detailed in the complaint, on February 7, 2025, Semtech revealed that for fiscal 2026, “net sales from its CopperEdge products used in active copper cables are expected to be lower than the Company’s previously disclosed floor case estimate of $50 million due to rack architecture changes, with no expected ramp-up over the course of fiscal year 2026.”  Following this news, shares of Semtech’s common stock declined $16.91 per share, or over 31% in value, to close at $37.60 on February 10, 2025, on unusually heavy trading volume.

Semtech shareholders who purchased or acquired their shares prior to October 10, 2024 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 – 0750, by email at [email protected], or by completing the form on this page.