{"id":789679,"date":"2023-10-11T13:21:45","date_gmt":"2023-10-11T17:21:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/"},"modified":"2023-10-11T13:21:45","modified_gmt":"2023-10-11T17:21:45","slug":"shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Oct.  11, 2023  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of Semtech Corporation:<\/p>\n<p>On August 31, 2022, Semtech announced lower than expected guidance for the fourth quarter 2022 due to \u201cweakness in the consumer sector.\u201d The Company blamed the downturn on \u201cmacroeconomic softness\u201d and ongoing pandemic-related challenges in China. Following this news, Semtech\u2019s 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 of fiscal 2024 attributing it to lower than expected consumer demand and an extremely \u201cweak China.\u201d Following this news, Semtech\u2019s stock price fell by $6.86 per share, or approximately 21% to close at $25.25 per share.<\/p>\n<p>Due to the forgoing, The Gross Law Firm is investigating potential securities fraud claims on behalf of certain Semtech investors. If you incurred a loss on your SMTC investment, please contact us using the link below to discuss your rights.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3bYoGhPwlx7h_7OZ2JrpWFfXZ9J28_eqNhszJKSQbxHF0xBhmnZW4OPOGhKsWTkdRuBIC5lNDHb_zOiBlullXLysokQiHOVEliQtbRmQtuW8WoGVtND6TqO2NPihALQrCa2CgsuR-nFb3a3HYqn2I2IODxCyLubRPy1q6uCSWM7pnnnTAGAh5IwJg2830gz-WJkcGrpoaZQ8R4oA3Vk3MVzC4Jj5t6IGoq2f89HNHSvQdZ8vlPMD2s7ftbfbns13aWJkf0MmGLIqxUjKt8uNHQ==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/semtech-loss-submission-form\/?id=51089&amp;from=3<\/a>\n      <\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MIQAtQdrek9av0_-nrvsbg0dBMSZ6cbtZuyx-qkq6aJxxMajbvMP4M2ydZ7z52s4yxIhBZxgojyfkFSkU8fhjElAgXTZgpwm7bwb7fLxll-mYx7PpGfwCcDiCAKUgtOq\" rel=\"nofollow noopener\" target=\"_blank\">dg@securitiesclasslaw.com<\/a><br \/>Phone: (646) 453-8903<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0Njk5MCM1ODY2NzAwIzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDZiZjk0M2EtMjdlNy00NWZkLWE0NmItZGMyNTZlMDhmZWFiLTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) &#8212; 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 \u201cweakness in the consumer sector.\u201d The Company blamed the downturn on \u201cmacroeconomic softness\u201d and ongoing pandemic-related challenges in China. Following this news, Semtech\u2019s 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 of fiscal 2024 attributing it to lower than expected consumer demand and an extremely \u201cweak China.\u201d Following this news, Semtech\u2019s stock price fell by $6.86 per share, or approximately 21% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789679","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) &#8212; 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 \u201cweakness in the consumer sector.\u201d The Company blamed the downturn on \u201cmacroeconomic softness\u201d and ongoing pandemic-related challenges in China. Following this news, Semtech\u2019s 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 of fiscal 2024 attributing it to lower than expected consumer demand and an extremely \u201cweak China.\u201d Following this news, Semtech\u2019s stock price fell by $6.86 per share, or approximately 21% &hellip; Continue reading &quot;SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T17:21:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0Njk5MCM1ODY2NzAwIzIyNTg5MTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)\",\"datePublished\":\"2023-10-11T17:21:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/\"},\"wordCount\":305,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODk0Njk5MCM1ODY2NzAwIzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC) - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC) - Market Newsdesk","og_description":"NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) &#8212; 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 \u201cweakness in the consumer sector.\u201d The Company blamed the downturn on \u201cmacroeconomic softness\u201d and ongoing pandemic-related challenges in China. Following this news, Semtech\u2019s 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 of fiscal 2024 attributing it to lower than expected consumer demand and an extremely \u201cweak China.\u201d Following this news, Semtech\u2019s stock price fell by $6.86 per share, or approximately 21% &hellip; Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-11T17:21:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0Njk5MCM1ODY2NzAwIzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC)","datePublished":"2023-10-11T17:21:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/"},"wordCount":305,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0Njk5MCM1ODY2NzAwIzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-semtech-corporation-of-an-investigation-and-potential-class-action-lawsuit-nasdaq-smtc-4\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Semtech Corporation of an Investigation and Potential Class Action Lawsuit \u2013 (NASDAQ: SMTC) - 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