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, LLP 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 Misleading Statements - The complaint alleges that Skyworks provided investors with overly positive statements about its expected revenue for fiscal year 2025 while concealing material adverse facts about its client base and competitive position [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, resulting in a stock price drop of over 24% from $87.08 to $65.60 per share in one day [5].
Faruqi & Faruqi Reminds Skyworks Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 – SWKS