Grabar Law Office is investigating claims on behalf of shareholders of Semtech Corporation (NASDAQ: SMTC). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Semtech is a semiconductor, digital systems and cloud connectivity service provider. It designs, manufactures, and markets an array of products for commercial applications, the majority of which are sold into the infrastructure, high end consumer and industrial end markets. The Company’s portfolio includes integrated circuits, modules, gateways, routers, and other specialized products. Its portfolio includes CopperEdge products, which can be used in active copper cables.

As alleged in a recently filed securities fraud class action complaint, Semtech Corporation (NASDAQ: SMTC) made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects including (1) that its CopperEdge products did not meet the needs of its server rack customer or end users; (2) that, as a result, the CopperEdge products required certain rack architecture changes; (3) that, as a result of the foregoing, the Company’s sales of CopperEdge products would not ramp-up during fiscal 2026; (4) that, as a result, sales of CopperEdge products would be lower-than-expected; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT YOU CAN DO NOW: If you purchased Semtech Corporation (NASDAQ:SMTC) shares prior to October 10, 2024, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.