NEW YORK CITY, NY / ACCESS Newswire / February 21, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Semtech Corporation ("Semtech" or "the Company") (NASDAQ:SMTC). Investors who purchased Semtech securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/SMTC.
Investigation Details
On February 7, 2025, Semtech announced that it expects net sales of its CopperEdge products 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. 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.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Semtech securities, you can assist this investigation by visiting the firm’s site: bgandg.com/SMTC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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