Skyworks(SWKS)

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Class Action Filed Against Skyworks Solutions, Inc. (SWKS) - May 5, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-04-07 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025 [1][2]. Summary by Sections Allegations - The complaint alleges that Skyworks' management provided investors with optimistic information about the company's revenue expectations and growth potential in the mobile business [2]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [2]. - Following this announcement, Skyworks' stock price plummeted from $87.08 to $65.60, a decline of over 24% in one day [2]. Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025 [2]. - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Participants will receive updates through a portfolio monitoring software without any cost or obligation [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].
SWKS Deadline Approaching on May 5, 2025: Kessler Topaz Meltzer & Check, LLP Reminds Skyworks Solutions, Inc. (SWKS) Investors of Class Action Lawsuit Deadline
Prnewswire· 2025-04-05 22:09
Core Viewpoint - A securities class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly making materially false and misleading statements during the class period from July 30, 2024, to February 5, 2025 [1][2]. Allegations Against Defendants - The complaint claims that Skyworks failed to disclose critical information regarding its business relationship with Apple, its largest customer, which did not guarantee continued business for the anticipated iPhone launch [2]. - It is alleged that Skyworks oversold its position and ability to leverage AI in the smartphone upgrade cycle, leading to misleading positive statements about the company's operations and prospects [2]. Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff, representing the class in the litigation [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest and who are representative of the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].
Skyworks By The Numbers: Business, Financials And Strategic Direction
Seeking Alpha· 2025-04-04 10:51
Company Overview - Skyworks Solutions (SWKS) is an American company specializing in the development of analog and RF chips, which are essential for wireless communication technologies [1] Industry Insights - The company plays a crucial role in enabling wireless communication, particularly in devices such as iPhones and Android smartphones [1] Professional Background - The article mentions a professional background in private banking, corporate finance, and strategic advisory, highlighting experience in managing cross-border M&A transactions and crafting tailored investment solutions [1]
SWKS Investors Have Opportunity to Lead Skyworks Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Prnewswire· 2025-04-03 22:45
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: Company Overview - Skyworks Solutions, Inc. (NASDAQ: SWKS) is facing a federal securities class action lawsuit, with a deadline for investors to seek lead plaintiff status by May 5, 2025 [2]. - The firm Faruqi & Faruqi has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3]. Group 2: Allegations and Financial Impact - The complaint alleges that Skyworks provided materially false and misleading information regarding its expected revenue for fiscal year 2025, particularly concerning its relationship with Apple and its ability to leverage AI in the smartphone market [4]. - Following the announcement of lower-than-expected financial results for Q1 fiscal year 2025 and a disappointing revenue forecast for Q2, Skyworks' stock price plummeted from $87.08 to $65.60, a decline of over 24% in one day [5].
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Skyworks Solutions, Inc. (NASDAQ: SWKS); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
GlobeNewswire News Room· 2025-04-03 18:25
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. and certain senior executives for alleged violations of federal securities laws during the class period from July 30, 2024, to February 5, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the defendants misled investors regarding the company's revenue outlook and growth potential while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [5]. - Investors who purchased Skyworks securities during the class period and suffered losses can seek appointment as lead plaintiff by May 5, 2025 [2]. Group 2: Company Performance - Skyworks develops and provides analog and mixed-signal semiconductor products, including RF switches for 5G and Wi-Fi applications across various sectors such as mobile, aerospace, automotive, and medical [4]. - On February 5, 2025, Skyworks reported a significant decline in its mobile business, projecting a sequential decline in the mid- to high teens, contrary to earlier optimistic statements [6]. - Following the announcement of disappointing earnings and guidance, Skyworks' stock price dropped by $21.48, or 24%, from $87.08 to $65.60 per share [6].
Skyworks Solutions, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm for More Information – SWKS
GlobeNewswire News Room· 2025-04-03 17:06
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from July 30, 2024, to February 5, 2025 [3]. - Allegations include that defendants provided investors with material information about Skyworks' expected revenue and expressed confidence in the company's ability to grow its mobile business and diversify its offerings [3]. Financial Results and Stock Price Impact - On February 5, 2025, Skyworks announced its first-quarter financial results for fiscal year 2025, along with lower-than-expected revenue guidance for the second quarter, attributing this to an intensified competitive landscape [3]. - Following this announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs and to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].
SWKS LAWSUIT ALERT: The Gross Law Firm Notifies Skyworks Solutions, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-04-03 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Skyworks Solutions, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's expected revenue for fiscal year 2025, which led to a significant drop in stock price following disappointing financial results [1][2]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with material information about Skyworks' expected revenue, expressing confidence in the company's ability to grow its mobile business and invest in new technologies [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 of fiscal year 2025, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from $87.08 per share to $65.60 per share on February 6, 2025, marking a decline of over 24% in one day [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 30, 2024, to February 5, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is May 5, 2025, and there is no cost or obligation to participate in the case [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions of material information [3].
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].