Lead Plaintiff Deadline is Approaching - Act Now

Semtech Corporation ® Class Action

Kleovoulos v. Semtech Corporation et al.

Semtech Corporation

NASDAQ: SMTC

Class Period : 08/27/2024 - 02/07/2025

Lead Plaintiff Motion Deadline: 4/22/25

Alleged Misstatements and Omissions

The lawsuit alleges that Dentsply Sirona, Inc. misrepresented and concealed critical information regarding its Byte aligners business, including:

  1. Targeting underserved demographics without ensuring patients met treatment eligibility criteria.
  2. Encouraging sales employees to onboard contraindicated patients to boost growth and commissions.
  3. Failing to adAlleged Misstatements and Omissions
    The Semtech class action lawsuit claims that the company misled investors by making false and misleading statements about its CopperEdge product line. Specifically, Semtech allegedly:

    • Failed to disclose that its CopperEdge products did not meet the needs of its server rack customers or end users.
    • Neglected to reveal that CopperEdge products required modifications to server rack architecture.
    • Misled investors about CopperEdge sales growth, falsely suggesting they would ramp up during fiscal 2026.
    • Concealed that CopperEdge sales would fall below the disclosed floor estimate of $50 million.

    These misleading actions caused investors to overestimate Semtech's sales growth and product stability.

    Effects on Stock Prices
    On February 7, 2025, Semtech revealed that CopperEdge sales would not increase as anticipated in fiscal year 2026. The company cited customer feedback and end-user discussions that required rack architecture changes, directly impacting CopperEdge's market performance.

    Following this announcement, Semtech's stock price dropped $16.91 per share (31%), closing at $37.60 per share on February 10, 2025, amid unusually heavy trading volume.

    Legal Rights for Affected Shareholders
    Investors who purchased Semtech stock before February 10, 2025, may have legal grounds to recover their losses. The lawsuit alleges Semtech misled shareholders by concealing product issues and overstating sales projections.

    By joining this class action, you can:

    • Seek financial compensation for losses tied to Semtech stock.
    • Hold the company accountable for misleading investors about CopperEdge's market readiness.
    • Advocate for improved corporate transparency in the semiconductor industry.

    Take Action Today
    Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you do not miss your chance to recover damages.

    By joining the Semtech class action, you will join other affected shareholders in demanding accountability and pursuing fair compensation. Don't delay—take action today.

    dress or disclose patient injuries reported over several years adequately.

  4. Lacking proper systems to notify the FDA of these injuries, as the law requires.
  5. Overstating the goodwill value of Byte while knowing of its operational flaws and regulatory risks.

These misstatements misled investors about Dentsply's business stability and growth potential, resulting in significant losses when the truth emerged.

Effects on Stock Prices

The market reacted sharply as the facts came to light:

  • October 24–25, 2024: Following the announcement of a "voluntary suspension" of Byte aligners, the stock dropped 4%, closing at $23.31 per share on October 25, 2024.
  • November 7, 2024: After Dentsply disclosed a $495 million goodwill impairment for Byte and hinted at potentially discontinuing the business, the stock plummeted over 28%, closing at $17.26 per share.

These price drops underscored the material impact of Byte's operational and regulatory challenges.

Legal Rights for Affected Shareholders

Investors who purchased Dentsply stock before October 24, 2024, may have legal grounds to recover their losses. The class action alleges violations of securities laws and seeks accountability for Dentsply's misleading statements and omissions.

By joining this lawsuit, you can:

  • Seek compensation for financial losses tied to Dentsply shares.
  • Hold the company accountable for its alleged misrepresentations.
  • Advocate for greater corporate transparency and investor protection.

Take Action Today
Contact experienced securities fraud attorneys to protect your rights and explore your options. Acting promptly ensures your claim is filed within legal deadlines.

Joining the Dentsply class action unites affected investors in demanding justice and fair compensation for financial losses. Time is critical—don't wait to secure your legal rights.

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DiCello Levitt Fights to Protect Shareholder Rights

At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.

If you have suffered losses due to alleged misstatements, we are here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.

All affected investors deserve justice and compensation. Start with a free, private case review today.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Semtech Corporation ® Class Action

Kleovoulos v. Semtech Corporation et al.

Semtech Corporation

NASDAQ: SMTC

Class Period : 08/27/2024 - 02/07/2025

Lead Plaintiff Motion Deadline: 4/22/25

Alleged Misstatements and Omissions
The Semtech class action lawsuit claims that the company misled investors by making false and misleading statements about its CopperEdge product line. Specifically, Semtech allegedly:

  • Failed to disclose that its CopperEdge products did not meet the needs of its server rack customers or end users.
  • Neglected to reveal that CopperEdge products required modifications to server rack architecture.
  • Misled investors about CopperEdge sales growth, falsely suggesting they would ramp up during fiscal 2026.
  • Concealed that CopperEdge sales would fall below the disclosed floor estimate of $50 million.

These misleading actions caused investors to overestimate Semtech's sales growth and product stability.

Effects on Stock Prices
On February 7, 2025, Semtech revealed that CopperEdge sales would not increase as anticipated in fiscal year 2026. The company cited customer feedback and end-user discussions that required rack architecture changes, directly impacting CopperEdge's market performance.

Following this announcement, Semtech's stock price dropped $16.91 per share (31%), closing at $37.60 per share on February 10, 2025, amid unusually heavy trading volume.

Legal Rights for Affected Shareholders
Investors who purchased Semtech stock before February 10, 2025, may have legal grounds to recover their losses. The lawsuit alleges Semtech misled shareholders by concealing product issues and overstating sales projections.

By joining this class action, you can:

  • Seek financial compensation for losses tied to Semtech stock.
  • Hold the company accountable for misleading investors about CopperEdge's market readiness.
  • Advocate for improved corporate transparency in the semiconductor industry.

Take Action Today
Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you do not miss your chance to recover damages.

By joining the Semtech class action, you will join other affected shareholders in demanding accountability and pursuing fair compensation. Don't delay—take action today.

slide-2

DiCello Levitt Fights to Protect Shareholder Rights

At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.

If you have suffered losses due to alleged misstatements, we are here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.

All affected investors deserve justice and compensation. Start with a free, private case review today.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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Semtech's Investors may have grounds to pursue legal action and financial recovery of damages.

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