Skyworks(SWKS) Prnewswire·2025-03-05 16:17Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to misleading statements regarding its financial performance and client relationships, particularly with Apple, leading to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Skyworks between July 30, 2024, and February 5, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Skyworks, with a deadline of May 5, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Financial Performance and Market Reaction - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape [5]. - Following the announcement, Skyworks' stock price plummeted from 65.60 per share, a decline of over 24% in one day [5]. Group 3: Misleading Statements and Investor Impact - The complaint alleges that Skyworks provided overly optimistic statements about its revenue and growth potential while concealing adverse facts about its client base and reliance on Apple [4]. - Investors were misled into purchasing Skyworks' securities at artificially inflated prices due to these misleading statements [4].