Skyworks(SWKS) Prnewswire·2025-03-11 17:41Core 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 65.60 per share on February 6, 2025 [4].