Press release
Lawsuit filed for Investors in shares of Skyworks Solutions, Inc. (NASDAQ: SWKS) over alleged securities laws violations
A lawsuit was filed on behalf of investors in Skyworks Solutions, Inc. (NASDAQ: SWKS) shares.
Investors who purchased shares of Skyworks Solutions, Inc. (NASDAQ: SWKS) have certain options and for certain investors are short and strict deadlines running. Deadline: May 5, 2025. NASDAQ: SWKS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Irvine, CA based Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Skyworks Solutions, Inc. (NASDAQ: SWKS) reported that its Total Revenue declined from over $4.77 billion for the 12 months period that ended on September 30, 2023, to over $4.17 billion for the 12 months period that ended on September 30, 2024, and that its Net Income over those respective time periods declined from $982.8 million to $596 million.
On February 5, 2025, after market close, Skyworks Solutions, Inc announced its financial results for the first quarter of fiscal year 2025 and provided lower-than anticipated revenue guidance for the second quarter of fiscal year 2025. The Company attributed its results and low guidance to a "competitive landscape" that had "intensified" in recent years. Following this news, the price of Skyworks' common stock declined dramatically.
Shares of Skyworks Solutions, Inc. (NASDAQ: SWKS) declined from $120.86 per share on July 16, 2024, to as low as $62.01 per share on February 06, 2025.
The plaintiff claims that between July 30, 2024 to February 5, 2025, the defendants made false and/or misleading statements and/or failed to disclose that defendants created the false impression that they possessed reliable information pertaining to Skyworks' projected revenue outlook and anticipated growth while also minimizing risk from smartphone upgrade cycles and macroeconomic fluctuations, that Skyworks' optimistic reports of growth, earnings potential, and anticipated margins fell short of reality as they relied far too heavily on Skyworks' partnership with its largest customer and launch of that customer's newest phone, and that Skyworks was not equipped to execute on their perceived growth potential.
Those who purchased shares of Skyworks Solutions, Inc. (NASDAQ: SWKS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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