Semtech: SMTC INVESTOR ALERT: Semtech Investigated for Fraud Following 30% Drop; Investors Should Contact Block & Leviton To Potentially Recover Losses

BOSTON, Feb. 15, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Semtech Corporation (NASDAQ:SMTC) for potential securities law violations. Investors who have lost money in their Semtech Corporation investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/smtc.What is this all about?Shares of Semtech remain down over 30% after the company announced that net sales of its CopperEdge products are expected to fall below its prior floor estimate of $50 million in fiscal year 2026, citing changes in the firm's server rack architecture due to poor feedback from a key customer. This follows positive statements during its Q3 2024 earnings call in November, where management projected strong sales growth. Block ...Full story available on Benzinga.com