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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-04-02 00:00
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making false and misleading statements regarding its business and financial outlook during the class period from July 30, 2024, to February 5, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Skyworks' management misrepresented the company's revenue outlook and growth potential while downplaying risks associated with smartphone upgrade cycles and macroeconomic conditions [2]. - It is alleged that Skyworks' optimistic growth reports were overly reliant on its partnership with its largest customer and the launch of that customer's new phone, which the company was not adequately prepared for [2][3]. - The complaint highlights that Skyworks failed to warn investors about its dependence on this major customer and the potential impacts of seasonality and macroeconomic factors on profitability [3]. Group 2: Market Reaction - Following the release of disappointing first-quarter results and guidance for the second quarter on February 5, 2025, Skyworks' stock price plummeted from $87.08 to $65.60 per share, representing a decline of over 24% in just one day [4].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Skyworks Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SWKS
GlobeNewswire News Room· 2025-04-01 17:45
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Skyworks Solutions, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The Class Period for the Skyworks securities is from July 30, 2024, to February 5, 2025, and the lead plaintiff deadline is May 5, 2025 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions [3] - Rosen Law Firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has recovered hundreds of millions of dollars for investors [3] Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Skyworks' management provided misleading information regarding the company's expected revenue and growth potential, particularly concerning its relationship with Apple [4] - It is claimed that the defendants concealed material adverse facts about Skyworks' client base and overstated the company's ability to leverage AI in the smartphone upgrade cycle [4]
SWKS LAWSUIT ALERT: Levi & Korsinsky Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-04-01 17:31
Core Viewpoint - A class action securities lawsuit has been filed against Skyworks Solutions, Inc. due to alleged securities fraud that affected investors between July 30, 2024, and February 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by the company's statements regarding expected revenue for fiscal year 2025, including confidence in expanding its mobile business and investing in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, providing lower-than-expected revenue guidance for Q2, attributing this to an intensified competitive landscape [2]. - 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 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
SWKS ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-04-01 15:35
RADNOR, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Skyworks Solutions, Inc. ("Skyworks") (NASDAQ: SWKS) on behalf of those who purchased or otherwise acquired Skyworks securities between July 30, 2024, and February 5, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, ...
Skyworks Solutions, Inc. Class Action: Levi & Korsinsky Reminds Skyworks Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - SWKS
Prnewswire· 2025-04-01 09:45
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United ...
Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Skyworks Solutions, Inc.
Prnewswire· 2025-03-31 23:04
RADNOR, Pa., March 31, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Skyworks Solutions, Inc. ("Skyworks") (NASDAQ: SWKS) on behalf of those who purchased or otherwise acquired Skyworks securities between July 30, 2024, and February 5, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 5, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Skyworks loss ...
The Gross Law Firm Reminds Skyworks Solutions, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 – SWKS
GlobeNewswire News Room· 2025-03-31 17:18
ALLEGATIONS: According to the complaint, defendants provided investors with material information concerning Skyworks' expected revenue for the fiscal year 2025. Defendants' statements included, among other things, confidence in Skyworks' ability to expand its mobile business and capitalize on its growth potential by investing in new technologies to diversify its portfolio of offerings. On February 5, 2025, after market close, Skyworks announced its financial results for the first quarter of fiscal year 2025 ...
SWKS INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-03-31 12:10
The Skyworks class action lawsuit further alleges that on February 5, 2025, Skyworks announced its financial results for the first quarter of fiscal year 2025 and provided lower-than anticipated revenue guidance for the second quarter of fiscal year 2025, attributing the results and low guidance to a "competitive landscape" that had "intensified" in recent years. On this news, the price of Skyworks stock fell more than 24%, according to the complaint. THE LEAD PLAINTIFF PROCESS: The Private Securities Litig ...
The Gross Law Firm Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SWKS
Prnewswire· 2025-03-31 09:45
NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Skyworks Solutions, Inc. (NASDAQ: SWKS). Shareholders who purchased shares of SWKS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/skyworks-solutions-inc-loss-submission-form/?id=139415&from=4 CLASS PERIOD: ...
SWKS Equity Alert: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of Securities Fraud Class Action Lawsuit Filed against Skyworks Solutions, Inc. (SWKS)
GlobeNewswire News Room· 2025-03-28 20:04
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from July 30, 2024, to February 5, 2025 [1]. Group 1: Allegations Against Skyworks - The complaint claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [3]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle [3]. - The positive statements made by Skyworks regarding its business and operations were deemed materially misleading and lacked a reasonable basis throughout the class period [3]. Group 2: Legal Process for Investors - Investors in Skyworks have until May 5, 2025, to seek appointment as lead plaintiff, representing the class in the lawsuit [4]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest and is responsible for directing the litigation [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the case and encourages affected investors to contact them for more information [5]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].