Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Semtech Corporation
New York, NY – April 8, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading national securities litigation law firm, today announced that a class action lawsuit has been filed against Semtech Corporation (“Semtech” or “the Company”) (NASDAQ:SMTC) and certain of its officers. The lawsuit alleges that the defendants violated the federal securities laws during the Class Period, which spans from August 27, 2024 to February 7, 2025.
Class Definition
This lawsuit, filed in the United States District Court for the Southern District of California, seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Semtech securities during the Class Period. The complaint alleges that defendants made false and misleading statements and failed to disclose material information regarding Semtech’s business, operations, and financial condition.
Allegations
The complaint alleges that defendants made false and misleading statements and failed to disclose material information concerning Semtech’s business, operations, and financial condition. Specifically, the complaint alleges that defendants failed to disclose that:
- Semtech’s revenue and earnings growth were significantly lower than represented;
- The Company’s gross margins had declined due to increased competition and pricing pressures;
- Semtech was experiencing decreased demand for its products in certain end markets;
- The Company had encountered production and supply chain issues that were negatively impacting its operations;
As a result of these alleged false statements and omissions, Semtech’s stock traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased or otherwise acquired Semtech securities during the Class Period, you may be eligible to receive compensation for your losses. To be included in the class action, you must have purchased Semtech securities during the Class Period and must have suffered damages as a result.
Impact on the World
The class action lawsuit against Semtech Corporation may have significant implications for the technology industry and the investment community as a whole. If the allegations are proven true, it could lead to increased scrutiny of other technology companies and their financial reporting practices. It could also result in increased volatility in the technology sector, as investors become more cautious about investing in tech stocks.
Conclusion
Bronstein, Gewirtz & Grossman, LLC encourages investors who purchased or otherwise acquired Semtech securities during the Class Period to contact the firm to discuss their potential legal rights and remedies. The firm represents investors throughout the United States and Canada, and has recovered billions of dollars for its clients.
If you believe that you have suffered losses as a result of Semtech’s alleged securities law violations, please contact Bronstein, Gewirtz & Grossman, LLC to discuss your rights and potential remedies. You can reach the firm by calling (212) 697-6484 or by completing the contact form on the firm’s website: https://www.bgllp.com/contact-us/
The lawsuits against Semtech Corporation are just one example of the many securities class actions that are filed every year. It is important for investors to be aware of the potential risks and to take steps to protect themselves. By working with experienced securities litigation lawyers, investors can seek to recover their losses and hold companies accountable for their actions.
