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SWKS Investors Have Opportunity to Lead Skyworks Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Prnewswire· 2025-04-03 22:45
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to significant losses suffered by investors following misleading statements about the company's financial health and client relationships [2][4]. Group 1: Company Overview - Skyworks Solutions, Inc. (NASDAQ: SWKS) is facing a federal securities class action lawsuit, with a deadline for investors to seek lead plaintiff status by May 5, 2025 [2]. - The firm Faruqi & Faruqi has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3]. Group 2: Allegations and Financial Impact - The complaint alleges that Skyworks provided materially false and misleading information regarding its expected revenue for fiscal year 2025, particularly concerning its relationship with Apple and its ability to leverage AI in the smartphone market [4]. - Following the announcement of lower-than-expected financial results for Q1 fiscal year 2025 and a disappointing revenue forecast for Q2, Skyworks' stock price plummeted from $87.08 to $65.60, a decline of over 24% in one day [5].
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Skyworks Solutions, Inc. (NASDAQ: SWKS); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
GlobeNewswire News Room· 2025-04-03 18:25
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. and certain senior executives for alleged violations of federal securities laws during the class period from July 30, 2024, to February 5, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants misled investors regarding the company's revenue outlook and growth potential while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [5]. - Investors who purchased Skyworks securities during the class period and suffered losses can seek appointment as lead plaintiff by May 5, 2025 [2]. Group 2: Company Performance - Skyworks develops and provides analog and mixed-signal semiconductor products, including RF switches for 5G and Wi-Fi applications across various sectors such as mobile, aerospace, automotive, and medical [4]. - On February 5, 2025, Skyworks reported a significant decline in its mobile business, projecting a sequential decline in the mid- to high teens, contrary to earlier optimistic statements [6]. - Following the announcement of disappointing earnings and guidance, Skyworks' stock price dropped by $21.48, or 24%, from $87.08 to $65.60 per share [6].
Skyworks Solutions, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – SWKS
GlobeNewswire News Room· 2025-04-03 17:06
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from July 30, 2024, to February 5, 2025 [3]. - Allegations include that defendants provided investors with material information about Skyworks' expected revenue and expressed confidence in the company's ability to grow its mobile business and diversify its offerings [3]. Financial Results and Stock Price Impact - On February 5, 2025, Skyworks announced its first-quarter financial results for fiscal year 2025, along with lower-than-expected revenue guidance for the second quarter, attributing this to an intensified competitive landscape [3]. - Following this announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs and to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
SWKS LAWSUIT ALERT: The Gross Law Firm Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-04-03 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's ability to grow its mobile business and invest in new technologies [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is May 5, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions of material information [3].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-04-02 00:00
The Complaint alleges that, investors and analysts reacted immediately to Skyworks' revelation. The Complaint further alleges that the price of Skyworks' common stock declined dramatically from a closing market price of $87.08 per share on February 5, 2025, Skyworks' stock price fell to $65.60 per share on February 6, 2025, a decline of over 24% in the span of just a single day. Investors who purchased or otherwise acquired shares of Skyworks should contact the Firm prior to the May 5, 2025 lead plaintiff m ...
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Skyworks Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SWKS
GlobeNewswire News Room· 2025-04-01 17:45
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_f ...
SWKS LAWSUIT ALERT: Levi & Korsinsky Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-04-01 17:31
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between July 30, 2024, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by the company's statements regarding expected revenue for fiscal year 2025, including confidence in expanding its mobile business and investing in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [2]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share, marking a decline of over 24% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
SWKS ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-04-01 15:35
RADNOR, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Skyworks Solutions, Inc. ("Skyworks") (NASDAQ: SWKS) on behalf of those who purchased or otherwise acquired Skyworks securities between July 30, 2024, and February 5, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, ...
Skyworks Solutions, Inc. Class Action: Levi & Korsinsky Reminds Skyworks Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - SWKS
Prnewswire· 2025-04-01 09:45
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United ...
Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Skyworks Solutions, Inc.
Prnewswire· 2025-03-31 23:04
RADNOR, Pa., March 31, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Skyworks Solutions, Inc. ("Skyworks") (NASDAQ: SWKS) on behalf of those who purchased or otherwise acquired Skyworks securities between July 30, 2024, and February 5, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Skyworks loss ...