SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit – (NASDAQ: SMTC)

  • By Grand News Network
  • |
  • November 8, 2023

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Semtech Corporation:

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 share. Further, on March 29, 2023, Semtech announced weak guidance for the first quarter ...

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