25-May-2024

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Semtech Corporation (SMTC)

Grand News Network | November 6, 2023

NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Semtech Corporation ("Semtech") (NASDAQ:SMTC) concerning possible violations of federal securities laws.

On August 31, 2022, Semtech announced lower than expected guidance for the fourth quarter 2022 due to "weakness in the consumer sector." The Company blamed the downturn on "macroeconomic softness" and ongoing pandemic-related challenges in China. Following this news, Semtech's stock price fell by $12.54 per share, or approximately 27% to close at $33.65 per ...

Full story available on Benzinga.com


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