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 87.08 to $65.60 per share [6].
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