RADNOR, PA - February 12, 2025 (NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Semtech Corporation (NASDAQ: SMTC) (“Semtech”).
On February 7, 2025, after market hours, Semtech disclosed that net sales of its CopperEdge products were expected to fall below its prior floor estimate of $50 million in fiscal year 2026 “due to rack architecture changes, with no expected ramp-up over the course of fiscal year 2026,” attributable to “recent feedback from a server rack customer and correlated to discussions with end users of the server rack platform.”
On this news, Semtech’s stock price fell $16.91 per share, or approximately 31%, from a close of $54.51 per share on February 7, 2025, to close at $37.60 on February 10, 2025.
If you are a Semtech investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/semtech-corp-investigation?utm_source=PR&utm_medium=link&utm_campaign=smtc&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
View the original release on www.newmediawire.com
