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Levi & Korsinsky Alerts Skyworks Shareholders of Lead Plaintiff Deadline in Ongoing Securities Lawsuit

Levi & Korsinsky Issues a Reminder for Skyworks Shareholders

Levi & Korsinsky, LLP, a prominent law firm specializing in investor representation, has issued a crucial reminder to shareholders of Skyworks Solutions, Inc. regarding an ongoing class action lawsuit. The firm is seeking to inform affected investors about the lead plaintiff deadline set for May 5, 2025, as part of their efforts to recover losses attributed to an alleged securities fraud.

Overview of the Class Action Lawsuit

The lawsuit encompasses a class of Skyworks investors who experienced financial harm between July 30, 2024, and February 5, 2025. The litigation arises from assertions that the defendants misled stakeholders by providing materially false information about the company’s anticipated revenues for the fiscal year 2025. Key claims include unwarranted confidence in Skyworks' capacity to expand within the mobile sector and effectively capitalize on new technologies aimed at diversifying its product offerings.

Financial Developments Affecting Shareholders

On February 5, 2025, Skyworks disclosed its financial results for Q1 of the 2025 fiscal year, which included a revenue forecast that fell short of market expectations. The company attributed these disappointing results to an increasingly competitive landscape that had intensified over recent years. This news prompted a steep decline in Skyworks' share price, plummeting from a closing value of $87.08 per share on February 5 to $65.60 on February 6, marking a significant loss of over 24% in a single day.

Take Action: What Affected Investors Should Know

Affected shareholders who suffered financial losses are encouraged to act promptly, as the court deadline for appointing a lead plaintiff is May 5, 2025. It’s important to note that eligible investors do not need to lead the case in order to benefit from any potential recovery. Opportunities for participation in the suit are available at no out-of-pocket costs, ensuring that class members can pursue compensation without financial strain.

For further information and to express interest in participating in the lawsuit, shareholders can follow the official link provided by Levi & Korsinsky. Additional inquiries can be directed to Joseph E. Levi, Esq. through email at [email protected] or by phone at (212) 363-7500.

Why Levi & Korsinsky?

Having established a solid track record over the past two decades, Levi & Korsinsky has successfully secured hundreds of millions of dollars for shareholders wronged by corporate misconduct. The firm is recognized as one of the leading securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report consecutively for seven years. This experienced legal team of over 70 professionals is dedicated to providing effective representation in complex securities litigation.

Contact Information

For more detailed information regarding the Skyworks Solutions lawsuit or corporate representation inquiries, shareholders are invited to reach out to the Levi & Korsinsky team: