Skyworks Solutions, Inc. Class Action Lawsuit - SWKS
Case Summary
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The Skyworks class action lawsuit seeks to represent purchasers or acquirers of Skyworks Solutions, Inc. (NASDAQ: SWKS) securities between July 30, 2024 and February 5, 2025, inclusive (the “Class Period”). Captioned Nunez v. Skyworks Solutions, Inc., No. 25-cv-00411 (C.D. Cal.), the Skyworks class action lawsuit charges Skyworks and certain of Skyworks’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Skyworks class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Skyworks class action lawsuit must be filed with the court no later than May 5, 2025.
CASE ALLEGATIONS: Skyworks designs, develops, manufactures, and markets proprietary semiconductor products.
The Skyworks class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) 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 (iii) Skyworks was not equipped to execute on their perceived growth potential.
The Skyworks class action lawsuit further alleges that on February 5, 2025, Skyworks 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, attributing the results and low guidance to a “competitive landscape” that had “intensified” in recent years. On this news, the price of Skyworks stock fell more than 24%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Skyworks securities during the Class Period to seek appointment as lead plaintiff in the Skyworks class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Skyworks class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Skyworks class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Skyworks class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.