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Faruqi & Faruqi Reminds Skyworks Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - SWKS
SWKSSkyworks(SWKS) Prnewswire·2025-03-21 13:30

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to significant losses suffered by investors following misleading statements about the company's financial health and client relationships [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who incurred losses exceeding 75,000inSkyworksbetweenJuly30,2024,andFebruary5,2025,todiscusstheirlegaloptions[1].−AfederalsecuritiesclassactionhasbeenfiledagainstSkyworks,withadeadlineofMay5,2025,forinvestorstoseektheroleofleadplaintiff[2][6].−Thefirmhasahistoryofrecoveringhundredsofmillionsofdollarsforinvestorssinceitsestablishmentin1995[3].Group2:FinancialPerformanceandMisleadingStatements−ThecomplaintallegesthatSkyworksprovidedinvestorswithoverlyoptimisticinformationregardingitsexpectedrevenueforfiscalyear2025whileconcealingmaterialadversefactsaboutitsclientbase,particularlyitsrelationshipwithApple[4].−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 establishment in 1995 [3]. Group 2: Financial Performance and Misleading Statements - The complaint alleges that Skyworks provided investors with overly optimistic information regarding its expected revenue for fiscal year 2025 while concealing material adverse facts about its client base, particularly its relationship with Apple [4]. - 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].