Case Summary
Skyworks
NASDAQ: SWKS
Case Details
- Nunez v. Skyworks Solutions, Inc. et al.
- Class Period:July 30, 2024 - February 5, 2025
- Date Filed:March 04, 2025
- Jurisdiction:U.S. District Court, Central District of California
- Docket Number: 8:25-cv-00411
- Lead Plaintiff Deadline: May 5, 2025
Seek Plaintiff 40
Overview
A class action lawsuit has been filed against Skyworks Solutions, Inc. (“Skyworks” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws. The Company’s common stock traded on the NASDAQ Stock Market under the symbol “SWKS.”
The Skyworks class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Skyworks securities between July 30, 2024, to February 5, 2025, both dates inclusive (the “Class Period”).
Skyworks is a developer, manufacturer, and provider of analog and mixed-signal semiconductor products and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet, and wearables.
The Skyworks class action lawsuit alleges that Defendants, throughout the Class Period, provided investors with material information concerning Skyworks’ expected revenue for fiscal year 2025. Defendants’ statements included, among other things, confidence in Skyworks’ ability to expand its mobile business and capitalize on its growth potential by investing in new technologies to diversify its portfolio of offerings.
Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Skyworks’ client base; notably, that its long-standing relationship with Apple, its largest customer, did not guarantee that Apple would maintain its business relationship with Skyworks for its anticipated iPhone launch. Additionally, Defendants oversold Skyworks’ position and ability to capitalize on artificial intelligence in the smartphone upgrade cycle. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Skyworks’ securities at artificially inflated prices.
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If you purchased or otherwise acquired Skyworks securities between July 30, 2024, to February 5, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected].
The deadline to apply to the Court to serve as lead plaintiff in the Skyworks class action lawsuit is May 5, 2025.