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SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Skyworks
SWKSSkyworks(SWKS) Prnewswire·2025-03-13 13:39

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to allegations of misleading statements regarding the company's 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 exceeding 75,000inSkyworksbetweenJuly30,2024,andFebruary5,2025,todiscusstheirlegaloptions[1].−AfederalsecuritiesclassactionhasbeenfiledagainstSkyworks,withadeadlineofMay5,2025,forinvestorstoseektheroleofleadplaintiff[2][6].−Thefirmhasahistoryofrecoveringhundredsofmillionsofdollarsforinvestorssinceitsfoundingin1995[3].Group2:FinancialPerformanceandMarketReaction−OnFebruary5,2025,Skyworksannouncedlower−than−expectedrevenueguidanceforthesecondquarteroffiscalyear2025,attributingthistoanintensifiedcompetitivelandscape[5].−Followingtheannouncement,Skyworks′stockpriceplummetedfrom75,000 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 the second quarter of fiscal year 2025, attributing this to an intensified competitive landscape [5]. - 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 [5]. Group 3: Misleading Statements and Investor Impact - The complaint alleges that Skyworks' management provided overly optimistic statements about the company's 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].