Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly misleading investors regarding its business prospects and financial outlook during the specified class period [1][2]. Allegations - The complaint claims that Skyworks created a false impression of having reliable information about its projected revenue and growth while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [2]. - It is alleged that the company's optimistic reports on growth, earnings potential, and margins were not reflective of reality, as they overly depended on its partnership with its largest customer and the launch of that customer's new phone [2]. Stock Price Impact - Following the revelation of the truth in a press release on February 5, 2025, Skyworks' stock price plummeted from 65.60 per share, marking a decline of over 24% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by May 5, 2025, while those who choose not to participate can remain as absent class members [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless they recover losses [5].
Skyworks Solutions, Inc. Shareholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Securities Fraud Class Action Lawsuit Filed Against SWKS