Class Action Filed Against Skyworks Solutions, Inc. (SWKS) - May 5, 2025 Deadline to Join - Contact Levi & Korsinsky
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A class action lawsuit has been filed against Skyworks Solutions (SWKS) alleging securities fraud between July 30, 2024 and February 5, 2025. The lawsuit claims the company misled investors about its revenue expectations. After announcing lower-than-anticipated Q1 fiscal year 2025 results and guidance, SWKS stock price dropped over 24% in a single day, from $87.08 to $65.60 per share.
March 26, 2025 | 8:45 pm
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The class action lawsuit alleges Skyworks misled investors about its revenue potential, which could result in financial penalties and damage to the company's reputation in the semiconductor industry.
The lawsuit directly targets Skyworks, alleging securities fraud during a specific period. The significant stock price drop and potential legal consequences could negatively impact investor sentiment and the company's market valuation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100