NEW YORK, NY / ACCESS Newswire / March 22, 2025 – Shareholders of Skyworks Solutions, Inc. (NASDAQ: SWKS) who suffered losses between July 30, 2024, and February 5, 2025, are being urged to participate in a securities class action lawsuit seeking to recover damages. The lawsuit, filed by Levi & Korsinsky LLP, alleges that Skyworks and its executives misled investors with false and/or misleading statements regarding the company’s financial outlook.
Allegations of Securities Fraud
According to the lawsuit, Skyworks made overly optimistic claims about its expected revenue growth for fiscal year 2025. The company expressed confidence in expanding its mobile business and highlighted investments in new technologies aimed at portfolio diversification.
However, on February 5, 2025, after market close, Skyworks reported its first-quarter financial results for fiscal year 2025 and issued lower-than-expected revenue guidance for the second quarter. The company attributed its weaker outlook to an increasingly competitive landscape that had intensified over the past few years.
Following the announcement, Skyworks’ stock price plummeted by over 24% in a single day. The stock fell from $87.08 per share on February 5, 2025, to $65.60 per share on February 6, 2025, resulting in significant investor losses.
What Investors Need to Know
Investors who purchased Skyworks stock during the Class Period may be eligible to participate in the lawsuit and seek financial recovery. Even if you still hold your shares, you may be entitled to compensation.
Why Choose Levi & Korsinsky?
Levi & Korsinsky LLP is a nationally recognized securities litigation firm with over 20 years of experience representing investors in complex cases. The firm has secured hundreds of millions of dollars for aggrieved shareholders and has consistently ranked in ISS Securities Class Action Services’ Top 50 Report for seven consecutive years. With a team of over 70 employees, Levi & Korsinsky is well-equipped to fight for shareholder rights.
Protect Your Investment Rights
Investors who suffered losses during the July 30, 2024 – February 5, 2025 period are encouraged to act promptly. There is no cost or obligation to participate in the class action.
For more information on the lawsuit or to discuss your legal options, contact Levi & Korsinsky LLP today.
