Latest news with #CopperEdge
Globe and Mail
28-04-2025
- Business
- Globe and Mail
Down Over 50%—Are These 2 Chip Stocks the Next NVIDIA?
With the market in correction territory, chip stocks generally have not avoided the carnage. The S&P 500 Index is down approximately 14% from its 52-week high as of the April 22 close, and the Invesco PHLX Semiconductor ETF (NASDAQ: SOXQ) is down around 35% from highs. Two lesser-known chip stocks— Semtech (NASDAQ: SMTC) and Onsemi (NASDAQ: ON) —have suffered much more, trading at discounts of more than 50% from their 52-week highs. However, these companies have significant opportunities to achieve long-term growth and could be strong buys given their depressed valuations. Semtech: Long-Term Tailwinds and Historically Low Valuation [content-module:CompanyOverview|NASDAQ:SMTC] Semtech is trading down massively from its 52-week high. The stock hit its high on January 22, but has dropped a whopping 69% from that level. This falling price comes amid a drastic improvement in the company's overall financial position. In its most recent quarter, revenue rose 30% year-over-year (YOY), and adjusted operating margin nearly doubled —from just over 9% in fiscal Q4 2024 to nearly 20% in fiscal Q4 2025. Additionally, the company's second-largest end market, infrastructure, saw 75% YOY growth. The infrastructure segment includes data center customers. Morgan Stanley analysts believe the market 'might not be fully appreciating Semtech's potential in the data center market.' This looks possible, maybe even understated, as Semtech is talking with 20 potential customers for its CopperEdge products. This includes hyperscalers, switch makers, and cable suppliers. As data centers grow larger and process more data, CopperEdge offers an important technological solution. In the company's largest end market, Industrial, its LoRa devices saw revenues rise 205% from the prior year quarter. This product is clearly resonating with customers. It has the potential to be a massive long-term growth driver as a key technology used in smart cities of the future. [content-module:Forecast|NASDAQ:SMTC] The stock is trading near its five-year lows when looking at its forward enterprise value to sales (EV/S) ratio. The figure sits at around 2.5x but has averaged 4.6x over the last five years. The current sentiment around Semtech is mixed, reflecting a balance between recent challenges, the uncertain economic environment, and ongoing optimism. Morgan Stanley placed a price target of $30 on SMTC stock, indicating upside of 22% over the next 12 months. However, the long-term opportunity for Semtech looks significantly larger, given its improving financial position and products with long-term tailwinds. Onsemi: Positioned for EV and Data Center Megatrends [content-module:CompanyOverview|NASDAQ:ON] Onsemi is another chip stock that has gotten absolutely battered. It is down nearly 56% from its 52-week high in July 2024. Onsemi primarily makes chips for auto and industrial markets. These markets have been working through an inventory glut, causing Onsemi to see negative revenue growth for six quarters in a row. However, Onsemi's strong profitability has remained despite this downturn. It still boasts an adjusted gross profit margin of around 45% and an adjusted operating margin of more than 25%. This positions the firm as one of the more profitable companies in the technology sector—impressive, given that Onsemi designs and also manufactures its chips. Lower sales can hit manufacturing companies hard, affecting their economies of scale. The company is targeting revenue growth of 10% to 12% through 2027 as well as a 40% operating margin. Onsemi sees itself as well-positioned to take advantage of ' fast-growing secular megatrends ' to drive long-term growth and increased profits. This includes increasing electric vehicle (EV) ownership. It is a leader in silicon carbide (SiC)-based chips that can benefit greatly from this trend. Onsemi also sees a big opportunity in its SiC Junction Field-Effect Transistors, which can be key in powering data centers. SiC chips offer exceptional power efficiency, making them ideal for use cases that require extensive electricity. [content-module:Forecast|NASDAQ:ON] The stock's forward price-to-earnings (P/E) ratio sits at just over 14x, solidly below its five-year average of over 18x. Overall, it is very difficult to say when the company's main end markets will return to growth, and more downside could be in store in 2025. However, Onsemi's profitability, depressed valuation, and technological leadership can allow it to win big when growth resumes. Analysts remain cautiously optimistic on Onsemi, with a mix of Buy and Hold ratings, and one Sell rating. The consensus p rice target of $63.52 implies a nearly 75% potential upside over the next 12 months. However, as the company's end markets stabilize, investor sentiment could shift quickly. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
Business Insider
21-04-2025
- Business
- Business Insider
FINAL SMTC DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Semtech Corporation Investors to Join the Class Action Lawsuit
NEW YORK CITY, NY / ACCESS Newswire / April 21, 2025 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Semtech Corporation ("Semtech" or "the Company") (NASDAQ:SMTC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Semtech securities between August 27, 2024 and February 7, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: Case Details The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants failed to disclose to investors: (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's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Semtech you have until April 22, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. 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. Why Bronstein, Gewirtz & Grossman 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. Attorney advertising. Prior results do not guarantee similar outcomes. Contact View the original press release on ACCESS Newswire
Bahrain News Gazette
21-04-2025
- Business
- Bahrain News Gazette
SMTC IMPORTANT DEADLINE: ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Semtech Corporation Investors to Secure Counsel Before Important April 22 Deadline in Securities Class Action
NEW YORK, April 20, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Semtech Corporation (NASDAQ: SMTC) between August 27, 2024 and February 7, 2025, both dates inclusive (the 'Class Period'), of the important April 22, 2025 lead plaintiff deadline. SO WHAT: If you purchased Semtech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Semtech class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Semtech's 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) as a result of the foregoing, Semtech's sales of CopperEdge products would not ramp-up during the 2026 fiscal year; (4) as a result, sales of CopperEdge products would be lower-than-expected; and (5) as a result of the foregoing, defendants' positive statements about Semtech's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Semtech class action, go to call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: or on Twitter: or on Facebook: . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] GlobeNewswire Distribution ID 9424902
Associated Press
21-04-2025
- Business
- Associated Press
SMTC Deadline in 2 Days: Kessler Topaz Meltzer & Check, LLP Reminds Semtech Corporation (SMTC) Investors of Filing Deadline in Class Action Lawsuit
RADNOR, PA - April 20, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that securities class action lawsuits have been filed against Semtech Corporation ('Semtech') ( NASDAQ: SMTC ) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is April 22, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Semtech losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Semtech's CopperEdge products did not meet the needs of its server rack customer or end users; (2) as a result, the CopperEdge products required certain rack architecture changes; (3) as a result of the foregoing, Semtech's sales of CopperEdge products would not ramp-up during fiscal 2026; (4) as a result, sales of CopperEdge products would be lower-than-expected; and (5) as a result of all of the foregoing, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. THE LEAD PLAINTIFF PROCESS: Semtech investors may, no later than April 22, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Semtech investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Associated Press
18-04-2025
- Business
- Associated Press
SMTC Deadline in 4 Days: Kessler Topaz Meltzer & Check, LLP Reminds Semtech Corporation (SMTC) Investors of Filing Deadline in Class Action Lawsuit
RADNOR, PA - April 18, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that securities class action lawsuits have been filed against Semtech Corporation ('Semtech') ( NASDAQ: SMTC ) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is April 22, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Semtech losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Semtech's CopperEdge products did not meet the needs of its server rack customer or end users; (2) as a result, the CopperEdge products required certain rack architecture changes; (3) as a result of the foregoing, Semtech's sales of CopperEdge products would not ramp-up during fiscal 2026; (4) as a result, sales of CopperEdge products would be lower-than-expected; and (5) as a result of all of the foregoing, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. THE LEAD PLAINTIFF PROCESS: Semtech investors may, no later than April 22, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Semtech investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. View the original release on
