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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
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 $75,000 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].
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Skyworks Solutions, Inc.(SWKS) Shareholders
Prnewswire· 2025-03-21 09:45
Core 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 who were misled by the company's statements regarding expected revenue for fiscal year 2025, including claims of growth potential and investment 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 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 entitled to 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].
Investors in Skyworks Solutions, Inc. Should Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights - SWKS
Prnewswire· 2025-03-20 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, leading to a significant stock price decline after disappointing financial results were announced [1]. Group 1: Allegations and Financial Impact - The allegations state that defendants provided investors with optimistic information about Skyworks' revenue expectations and growth potential in the mobile business [1]. - On February 5, 2025, Skyworks announced lower-than-expected revenue guidance for Q2 FY2025, attributing this to an intensified competitive landscape [1]. - Following the announcement, Skyworks' stock price plummeted from $87.08 to $65.60 per share, 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]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that artificially inflated stock prices [3].
SWKS STOCK NEWS: Skyworks Solutions, Inc. Shareholders with Large Losses Should Contact Shareholder Rights Law Firm Robbins LLP for Information About the Skyworks Solutions, Inc. Securities Fraud Class Action
Prnewswire· 2025-03-19 00:45
Group 1 - A class action has been filed on behalf of investors who purchased Skyworks Solutions, Inc. securities between July 30, 2024, and February 5, 2025 [1][2] - The allegations state that Skyworks misled investors regarding its business prospects, creating a false impression of reliable revenue outlook and growth while downplaying risks associated with smartphone upgrade cycles and macroeconomic fluctuations [2] - Skyworks' stock price dropped from $87.08 per share on February 5, 2025, to $65.60 per share on February 6, 2025, marking a decline of over 24% following the revelation of the truth [3] Group 2 - Shareholders interested in serving as lead plaintiffs must file their papers with the court by May 5, 2025, and do not need to participate in the case to be eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5] - Robbins LLP has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5]
Contact Levi & Korsinsky by May 5, 2025 Deadline to Join Class Action Against Skyworks Solutions, Inc.(SWKS)
Prnewswire· 2025-03-18 09:45
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 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 this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].
SWKS Investors Have Opportunity to Join Skyworks Solutions, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-03-18 00:00
Core Viewpoint - The Schall Law Firm is investigating claims against Skyworks Solutions, Inc. for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1][2]. Financial Performance - Skyworks reported a disappointing decline in quarterly revenue for Q4 2024, with an anticipated mid- to high teens sequential decline in mobile revenue [2]. Management Changes - The company announced the appointment of a new CEO effective February 17, 2025 [2].
The Gross Law Firm Notifies Shareholders of Skyworks Solutions, Inc.(SWKS) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-03-17 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, representing 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 Information - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors affected by misleading statements [4].
SWKS Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Skyworks Solutions, Inc. (SWKS) Investors that a Securities Fraud Class Action Lawsuit Has Been Filed
Prnewswire· 2025-03-17 00:06
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]. Allegations of Misconduct - The complaint claims that Skyworks failed to disclose critical information, including: 1. The long-standing relationship with Apple, its largest customer, did not ensure continued business for the anticipated iPhone launch [3]. 2. Skyworks overstated its position and ability to leverage AI in the smartphone upgrade cycle [3]. 3. Positive statements made by the defendants regarding the company's business were misleading and lacked a reasonable basis [3]. Lead Plaintiff Process - Investors in Skyworks have until May 5, 2025, to seek appointment as a lead plaintiff, representing the class in the litigation [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest and must be adequate and typical of the proposed class [4]. Contact Information - Kessler Topaz Meltzer & Check, LLP encourages affected investors to reach out for more information regarding the lawsuit [5].
SWKS INVESTOR DEADLINE: Skyworks Solutions, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-03-16 15:05
Core Viewpoint - The Skyworks Solutions, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its financial outlook and growth potential during the specified class period [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Skyworks misrepresented its revenue outlook and growth potential, downplaying risks associated with smartphone upgrade cycles and macroeconomic conditions [3]. - It is claimed that the company's optimistic growth reports were overly reliant on its partnership with a major customer and the launch of that customer's new phone, which did not materialize as expected [3]. - Following the announcement of lower-than-anticipated revenue guidance for Q2 FY 2025, Skyworks' stock price dropped by more than 24% on February 5, 2025 [4]. Group 2: Legal Process and Participation - Investors who purchased Skyworks securities during the class period have until May 5, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][5]. - The lead plaintiff is typically the investor with the greatest financial interest in the case and acts on behalf of all class members [5]. Group 3: Company Background - Skyworks Solutions designs, develops, manufactures, and markets proprietary semiconductor products [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized for its significant recoveries in securities fraud cases, having secured $6.6 billion for investors in such cases [6].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Skyworks
Prnewswire· 2025-03-13 13:39
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Skyworks Solutions, Inc. due to allegations of misleading statements regarding the company's 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 exceeding $75,000 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 founding in 1995 [3]. Group 2: Financial Performance and Market Reaction - 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]. Group 3: Misleading Statements and Investor Impact - The complaint alleges that Skyworks' management provided overly optimistic statements about the company's 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].