Skyworks(SWKS)

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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Skyworks Solutions, Inc. of Class Action Lawsuit and Upcoming Deadlines - SWKS
Prnewswire· 2025-03-11 17:41
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that Skyworks and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until May 5, 2025, to request to be appointed as Lead Plaintiff if they purchased Skyworks securities during the Class Period [2]. Group 2: Financial Performance - On February 5, 2025, Skyworks announced its financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2 [3]. - The company attributed its disappointing results and guidance to an "intensified" competitive landscape [3]. Group 3: Stock Market Reaction - Following the announcement of the financial results, Skyworks' stock price dropped by $21.48 per share, or 24.67%, closing at $65.60 per share on February 6, 2025 [4].
Levi & Korsinsky Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – SWKS
GlobeNewswire News Room· 2025-03-10 17:12
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that negatively impacted investors between July 30, 2024, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by the alleged fraud, which involved misleading statements about Skyworks' expected revenue for fiscal year 2025 [2]. - Defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, revealing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [2]. Group 2: Stock Price Impact - Following the announcement of disappointing financial results and guidance, Skyworks' stock price plummeted from $87.08 per share on February 5, 2025, to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [2]. Group 3: 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 this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].
SWKS INVESTOR ALERT: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-03-10 11:40
Core Viewpoint - The Skyworks Solutions, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines following disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc., and it involves purchasers of Skyworks securities from July 30, 2024, to February 5, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Skyworks misrepresented its revenue outlook and growth potential, particularly in relation to its largest customer and the launch of a new phone [3]. Group 2: Financial Performance and Impact - On February 5, 2025, Skyworks reported its first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following the announcement, Skyworks' stock price dropped by more than 24% [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in the class action lawsuit and is recognized as a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in related cases [6].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 5, 2025 in Skyworks Solutions, Inc. Lawsuit - SWKS
Prnewswire· 2025-03-10 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, leading to a significant stock price decline after disappointing financial results were announced [1]. 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]. 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].
Skyworks Solutions, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights – SWKS
GlobeNewswire News Room· 2025-03-07 18:54
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that negatively impacted investors between July 30, 2024, and February 5, 2025 [1] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by misleading information regarding Skyworks' expected revenue for fiscal year 2025 [2] - Defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2] - Following the announcement of lower-than-expected revenue guidance on February 5, 2025, Skyworks' stock price dropped from $87.08 to $65.60, a decline of over 24% in one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified period have until May 5, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4]
Skyworks (SWKS) Up 2% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-03-07 17:36
Core Viewpoint - Skyworks Solutions reported mixed financial results for Q1 fiscal 2025, with earnings beating estimates but revenues declining year-over-year, raising questions about future performance leading up to the next earnings release [2][4]. Financial Performance - Non-GAAP earnings were $1.60 per share, exceeding the Zacks Consensus Estimate by 1.91%, but down 18.8% year-over-year [2]. - Revenues totaled $1.07 billion, a decrease of 11.1% year-over-year, yet slightly above the consensus mark by 0.31% [2]. Revenue Breakdown - Mobile revenues accounted for nearly 67% of total revenues, showing a sequential increase of 6%, driven by successful product launches and the adoption of generative AI in smartphones [3]. - The demand for RF solutions was bolstered by the growing adoption of Wi-Fi 6e and 7 systems, indicating a multi-year upgrade cycle [3]. Market Conditions - Broad markets experienced modest growth, with a year-over-year increase of 2%, supported by demand signals and backlog improvements in sectors like automotive electrification and AI data centers [4]. - However, Skyworks faced challenges from high inventory levels, uneven demand across segments, and weak global demand in automotive and industrial markets [4]. Operating Metrics - Non-GAAP gross margin decreased by 20 basis points to 46.5% year-over-year [5]. - Research & development expenses rose by 380 basis points to 16.5% of revenues, while selling, general, and administrative expenses increased by 120 basis points to 7.7% [5]. - Non-GAAP operating margin contracted by 380 basis points to 26.7% [5]. Balance Sheet and Cash Flow - As of December 27, 2024, cash and cash equivalents were $1.75 billion, up from $1.57 billion as of September 27, 2024 [6]. - Long-term debt remained stable at $994 million, and cash generated from operating activities was $377.2 million, down from $476 million in the previous quarter [6]. - Free cash flow was reported at $338.2 million, with a free cash flow margin of 31.7% [6]. Dividend Information - The company paid dividends totaling $112 million during the reported quarter [7]. Future Guidance - For Q2 fiscal 2025, Skyworks expects revenues between $935 million and $965 million, with non-GAAP diluted earnings projected at $1.20 per share at the midpoint of the revenue range [8]. Estimate Trends - Recent estimates for the company have shown a downward trend, indicating potential challenges ahead [9]. VGM Scores - Skyworks holds a Growth Score of A but has a low Momentum Score of F, with an overall VGM Score of B, placing it in the middle 20% for investment strategies [10]. Outlook - The downward trend in estimates suggests a challenging outlook, with a Zacks Rank of 5 (Strong Sell) indicating expectations for below-average returns in the coming months [11].
SWKS Investors Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-03-07 14:07
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its revenue outlook and growth potential [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Skyworks securities between July 30, 2024, and February 5, 2025, are encouraged to participate in the lawsuit before the deadline of May 5, 2025 [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Skyworks - The complaint alleges that Skyworks provided misleading information to investors, suggesting it could reliably project revenue while downplaying risks associated with upgrade cycles and macroeconomic factors [4]. - The company's heavy reliance on its largest customer led to a failure in meeting its optimistic revenue projections, resulting in misleading public statements throughout the class period [4]. - As a result of the revelations about the company's true situation, investors reportedly suffered financial damages [4].
Shareholders that lost money on Skyworks Solutions, Inc.(SWKS) should contact Levi & Korsinsky about pending Class Action - SWKS
Prnewswire· 2025-03-07 10:53
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 claims of growth potential in the mobile business and investments in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, revealing 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 just 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 this role [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
NASDADQ: SWKS Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Class Action Lawsuit Against Skyworks Solutions, Inc. (SWKS)
Prnewswire· 2025-03-06 22:17
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1][2]. Group 1: Allegations Against Skyworks - The lawsuit claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [2]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle [2]. - The positive statements made by Skyworks regarding its business and operations were claimed to be materially misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages Skyworks investors who have suffered losses to contact them for more information [4].
SWKS Investors Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-03-06 20:13
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for providing misleading information regarding its expected revenue and business relationships during the Class Period from July 30, 2024, to February 5, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Skyworks' management made overly positive statements about the company's revenue expectations and growth potential, particularly in relation to its mobile business and AI capabilities [5]. - It is alleged that the company concealed material adverse facts about its client base, specifically regarding its relationship with Apple, which is its largest customer [5]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the misleading statements made by the defendants [5]. Group 2: Legal Representation - Investors who purchased Skyworks securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can submit their information through the provided link or contact the law firm directly [3][6]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4].