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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Semtech Corporation of Class Action Lawsuit and Upcoming Deadlines - SMTC

1. Pomerantz LLP filed a class action lawsuit against Semtech Corporation. 2. The lawsuit claims Semtech engaged in securities fraud or unlawful practices. 3. Semtech's sales projections for CopperEdge products were significantly downgraded. 4. Following the announcement, Semtech's stock plunged by over 31%. 5. Investors can join the class action until April 22, 2025.

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FAQ

Why Very Bearish?

The announcement of a class action lawsuit and a substantial stock drop indicate a lack of investor confidence. Similar events in the past, such as lawsuits linked to stock price drops, often result in prolonged negative sentiment.

How important is it?

The class action lawsuit is a major legal concern that could incur financial penalties and affect investor sentiment, thereby impacting SMTC’s stock performance significantly. Given the scale of recent price decline, the lawsuit adds to the volatility.

Why Short Term?

The negative effects on SMTC’s stock price are likely to unfold rapidly due to investor sentiment surrounding the lawsuit. Similar scenarios typically see immediate market reactions, but recovery can take longer depending on the lawsuit's outcome.

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NEW YORK, March 11, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Semtech Corporation ("Semtech" or the "Company") (NASDAQ: SMTC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Semtech and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until April 22, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Semtech securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] On February 7, 2025, Semtech announced that sales of its CopperEdge products would not "ramp-up over the course of fiscal year 2026." Based on "feedback from a server rack customer" and "discussions with end users of the server rack platform," Semtech said it would implement certain "rack architecture changes." As a result, Semtech expected CopperEdge sales to be "lower than the Company's previously disclosed floor case estimate of $50 million." On this news, Semtech's stock price fell $16.91 per share, or 31.02%, to close at $37.60 per share on February 10, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP

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