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Shareholders that lost money on Skyworks Solutions, Inc.(SWKS) should contact Levi & Korsinsky about pending Class Action - SWKS
Prnewswire· 2025-03-07 10:53
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 claims of growth potential in the mobile business and investments in new technologies [2]. - On February 5, 2025, Skyworks reported financial results for Q1 of fiscal year 2025, revealing 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 just 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 this role [3]. - Class members may be eligible for compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP 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].
NASDADQ: SWKS Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Class Action Lawsuit Against Skyworks Solutions, Inc. (SWKS)
Prnewswire· 2025-03-06 22:17
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][2]. Group 1: Allegations Against Skyworks - The lawsuit claims that Skyworks failed to disclose that its relationship with Apple, its largest customer, did not ensure 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 [2]. - The positive statements made by Skyworks regarding its business and operations were claimed to be materially misleading and lacked a reasonable basis throughout the class period [2]. Group 2: Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages Skyworks investors who have suffered losses to contact them for more information [4].
SWKS Investors Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-03-06 20:13
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for providing misleading information regarding its expected revenue and business relationships during the Class Period from July 30, 2024, to February 5, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Skyworks' management made overly positive statements about the company's revenue expectations and growth potential, particularly in relation to its mobile business and AI capabilities [5]. - It is alleged that the company concealed material adverse facts about its client base, specifically regarding its relationship with Apple, which is its largest customer [5]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the misleading statements made by the defendants [5]. Group 2: Legal Representation - Investors who purchased Skyworks securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can submit their information through the provided link or contact the law firm directly [3][6]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4].
Investors who lost money on Skyworks Solutions, Inc.(SWKS) should contact The Gross Law Firm about pending Class Action - SWKS
Prnewswire· 2025-03-06 10:45
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]. 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 who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [3].
Investor Alert: Robbins LLP Informs Investors of the Skyworks Solutions, Inc. Class Action Lawsuit
Prnewswire· 2025-03-06 05:55
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly misleading investors regarding its business prospects and financial outlook during a specific period [1][2]. Allegations - The complaint claims that Skyworks created a false impression of having reliable information about its projected revenue and growth, while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [2]. - It is alleged that the company's optimistic reports on growth, earnings potential, and margins were not reflective of reality, as they overly depended on a partnership with its largest customer and the launch of that customer's new phone [2]. Stock Price Impact - Following the revelation of the truth in a press release on February 5, 2025, Skyworks' stock price plummeted from $87.08 to $65.60 per share, marking a decline of over 24% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by May 5, 2025, and can choose to remain absent class members if they do not wish to participate [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].
SWKS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-03-05 21:00
Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Skyworks securities between July 30, 2024, and February 5, 2025 [2]. - The Complaint alleges that Defendants provided misleading information regarding Skyworks' expected revenue for fiscal year 2025, including claims of confidence in expanding its mobile business and investing in new technologies [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Skyworks have until May 5, 2025, to request to be appointed as lead plaintiff in the case [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - The law firm Bronstein, Gewirtz & Grossman represents investors on a contingency fee basis, meaning they will only collect fees if successful in the lawsuit [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].
SWKS INVESTOR ALERT: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead the Skyworks Class Action Lawsuit
Prnewswire· 2025-03-05 20:20
Core Viewpoint - The Skyworks Solutions, Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding the company's revenue outlook and growth potential, leading to significant stock price declines after disappointing financial results were announced [3][4]. Group 1: Class Action Details - The class action lawsuit is titled Nunez v. Skyworks Solutions, Inc., and covers purchasers of Skyworks securities from July 30, 2024, to February 5, 2025, with a deadline of May 5, 2025, for lead plaintiff applications [1]. - The lawsuit claims that Skyworks executives created a false impression of reliable revenue projections while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [3]. - On February 5, 2025, Skyworks reported lower-than-expected financial results for Q1 FY2025 and provided disappointing revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape, resulting in a stock price drop of over 24% [4]. Group 2: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, significantly more than any other firm in recent years [6].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Skyworks
Prnewswire· 2025-03-05 16:17
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to misleading statements regarding its 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 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 Q2 FY2025, attributing this to an intensified competitive landscape [5]. - Following the announcement, Skyworks' stock price plummeted from $87.08 to $65.60 per share, a decline of over 24% in one day [5]. Group 3: Misleading Statements and Investor Impact - The complaint alleges that Skyworks provided overly optimistic statements about its 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].
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Skyworks Solutions, Inc. (SWKS) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
GlobeNewswire News Room· 2025-03-05 16:07
Core Points - A shareholder class action lawsuit has been filed against Skyworks Solutions, Inc. alleging that the company made materially false or misleading statements regarding its mobile business expansion and client base [1] - The lawsuit specifically targets investors who purchased shares between July 30, 2024, and February 5, 2025, and experienced significant losses [2] - The deadline for potential lead plaintiffs to file their applications is set for May 5, 2025 [3] Company Information - Skyworks Solutions, Inc. is facing legal challenges related to allegations of misleading statements that may have impacted investor decisions [1] - The law firm Holzer & Holzer, LLC, known for its focus on shareholder litigation, is representing the plaintiffs in this case [3] - Holzer & Holzer has a history of recovering substantial amounts for shareholders affected by corporate misconduct [3]
SKYWORKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Skyworks Solutions, Inc. on Behalf of Skyworks Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-02-13 02:00
Core Insights - Skyworks Solutions, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company reported a significant decline in quarterly revenue for the fiscal quarter ended December 27, 2024, with expectations of a mid-to-high teens sequential decline in mobile revenue [2] - Following the financial results announcement, Skyworks' stock price dropped by $21.48 per share, or 24.67%, closing at $65.60 on February 6, 2025 [2] Company Developments - Skyworks appointed Philip Brace as the new President and Chief Executive Officer, effective February 17, 2025 [2] - The investigation by Bragar Eagel & Squire, P.C. is aimed at protecting the rights of Skyworks stockholders who may have suffered losses [1][3] Legal Context - Bragar Eagel & Squire, P.C. is a law firm that specializes in representing investors in complex litigation, including securities-related cases [4]