An investigation on behalf of investors in NASDAQ:SMTC shares over potential wrongdoing at Semtech Corporation was announced and NASDAQ:SMTC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/14/2016 -- An investigation for investors in shares of Semtech Corporation (NASDAQ:SMTC) was announced over potential breaches of fiduciary duties by certain officers and directors.
Investors who purchased shares of Semtech Corporation (NASDAQ:SMTC) and currently hold any of those NASDAQ:SMTC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Semtech officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Semtech Corporation reported that its Total Revenue declined from $557.88 million for the 52 weeks period that ended on January 25, 2015 to $490.22 million for the 52 weeks period that ended on January 31, 2016 and that its Net Income for those respective time periods declined from $27.95 million to $11.50 million. Shares of Semtech Corporation (NASDAQ:SMTC) grew from $14.87 per share in October 2015 to as high as $24.84 per share on July 12, 2016.
On July 13, 2016, NASDAQ:SMTC shares closed at $24.49 per share.
Those who purchased shares of Semtech Corporation have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego