Skyworks(SWKS) GlobeNewswire News Room·2025-04-21 16:57Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that negatively impacted investors between July 30, 2024, and February 5, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by misleading statements regarding Skyworks' expected revenue for fiscal year 2025 [2] - Defendants expressed confidence in Skyworks' ability to grow its mobile business and diversify its offerings through new technology investments [2] - On February 5, 2025, Skyworks reported lower-than-expected revenue guidance for Q2 2025, attributing the results to an intensified competitive landscape [2] Group 2: Stock Price Impact - Following the announcement of disappointing financial results, Skyworks' stock price plummeted from 65.60 per share on February 6, 2025, marking a decline of over 24% in one day [2] Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 4: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]