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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
SkyworksSkyworks(US:SWKS) GlobeNewswire News Roomยท2025-03-31 12:10

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 Lawsuit 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 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Skyworks misrepresented its revenue outlook and growth potential, particularly relying on its partnership with a major customer [3]. Group 2: Financial Performance and Impact - On February 5, 2025, Skyworks reported first-quarter fiscal year 2025 results and provided lower-than-expected revenue guidance for the second quarter, citing an intensified competitive landscape [4]. - Following the announcement, Skyworks' stock price dropped by more than 24% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Skyworks securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].