Semtech Corporation (NASDAQ:SMTC) Investor Investigation Concerning Potential Wrongdoing Announced

If you purchased shares of Semtech Corporation (NASDAQ:SMTC) and currently hold any of those NASDAQ:SMTC shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Semtech Corporation
Affected Securities: 

July 13, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Semtech Corporation (NASDAQ:SMTC) was announced over potential breaches of fiduciary duties by certain officers and directors at Semtech.

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.