I own a 40c from '09 production that exhibited early lock-back with rounds remaining in the mag.
As an armorer, I contacted S&W and discussed my problem.
Recoil forces cause what's called "parts flutter". In the case of the slide stop lever, this means the lever bounces up & down to some degree (against the spring tension of the lever). The lever spring has to exert sufficient force to prevent the lever from rising high enough to engage the stop notch in the slide. (Unless, of course, it's being over-ridden by the spring & follower in an empty magazine.)
Ordinarily, this isn't a problem, but in the small 40c & 357c they apparently discovered that the increased recoil forces of those cartridges can sometimes overcome the spring tension. They came up with a heavier slide stop lever spring. The original spring in the 40c was painted light blue. The revised, heavier new spring is painted yellow.
I learned in a M&P armorer recert that the "standard" slide stop lever assembly, with the yellow wire spring, is going to become standard throughout the M&P line in the future. (FWIW, since the '06 introduction of the M&P pistol line they've gone through plain/unpainted, red, light blue and now yellow painted wire springs in the slide stop lever assemblies, depending on the caliber models.)
I was originally told (in '09) that they were concerned the heavier yellow wire spring might be too strong in the average 40c, and might lead to the opposite problem, meaning the slide wouldn't lock back when the mag actually ran empty (meaning the mag spring/follower might not be able to overcome the tension of the heavier slide stop lever wire spring). They were only replacing the standard light blue spring assemblies with the yellow spring assemblies on a case-by-case basis at that time.
If a 40c is having a problem with early slide lock-back, it can also sometimes be related to: Shooter thumb (bumping against/upward on the lever tab); or; Ammunition (wide nose/ogive bullet).
No reason to start clipping magazine springs! That can lend itself to other functioning problems. The spring rates have been determined by S&W engineers, and manufactured by Mec-Gar, to exacting rates for the needs of the M&P 40c.
I have one of the latest revision slide stop lever assemblies in my own 40c, and between it and the previously revised assembly (with the earliest use of the yellow wire spring), I haven't had any further slide early lock-back.
Yes, upon rare occasion I can "feel" a slight slowing of the slide's return-to-battery ... but it doesn't fail to feed, or fail to go into battery, and it doesn't lock back early with rounds remaining in the mag anymore. Since I've encountered the same sort of slight slowing, or hesitation, in cycling in some other guns, I suspect it's just "one of those things". As long as it's not a problem ... it's not a problem.
Call the company back and ask for the gun to be returned for further inspection. Clearly state in your letter that your slide is locking back early with ammunition remaining in the mag (if indeed it is doing that, of course), and ask for it to be correct
Be certain your thumb is NOT involved. (I've watched some shooters SWEAR their thumbs weren't bumping the lever tab, but as the frame snapped upward under recoil, I saw their thumbs hit the lever tab without them feeling it.)
Use good quality ammunition made by one of the major American ammo companies.
Make sure your recoil spring assembly hasn't been damaged, and that you haven't tried to disassemble it. (Obviously, make sure the assembly is properly installed when the gun is reassembled after being field-stripped).
Normal lubrication should be present (which also means not inside the mag body, where it could accumulate and introduce feeding issues, which can also slow feeding and slide travel).
Make sure the extractor is clean & DRY. Excessive solvent/CLP may contaminate extractor recesses and create functioning issues at some point. Not to mention slowing feeding for the case rim to slip under within the extractor hook.
I've seen a fair number of 40c's come through the range since I bought mine, and they've all ran fine. I suspect the occasional issue with early slide lock-back on a 40c (and 357C?) might be a case of an occasional gun needing to be checked for burrs, as well as needing the heavier (yellow) slide stop lever wire spring.
I wouldn't be surprised if this is the reason the standard slide stop lever spring on new production guns is going to be the yellow wire spring ... (but another revision to the assembly is the new angled bend of the right side lever, so it presses against the trigger bar and lends some extra tension against it as it slips back under the sear nose - aka, more "reset" ). I suppose they decided they can use the heavier wire spring without it introducing any other issues.
Dunno what's happening with anybody else's particular gun, but I thought I'd mention my own experience and some thoughts.
I'd also suspect that since they've finally introduced the Shield 40, they've probably gotten a hand on the recoil force effects on the little M&P's chambered in .40 S&W.