HGT Law Announces Investigation on Behalf of Skyworks Solutions, Inc. (NASDAQ:SWKS)

HGT Law announces that it is investigating claims on behalf of Skyworks Solutions, Inc. (“Skyworks” or the “Company”) (NASDAQ:SWKS) shareholders for potential violations of the federal securities laws and for potential breaches of fiduciary duties owed to the Company.  On February 5, 2025, Skyworks released its financial results, disclosing weaker than expected results for the first quarter of 2025 and lowering revenue guidance for the second quarter of 2025. Skyworks also announced that Apple, the Company’s largest customer (constituting 69% of the Company’s revenue in fiscal year 2024), would reduce its business with Skyworks by 20-25% for the future, negatively impacting revenue for fiscal year 2026. Following this news, on February 6, 2025, Skyworks’ stock price plummeted by approximately 24%. 

According to shareholder derivative lawsuits that have been filed, during the months leading up to the February 5 financial results announcement , Skyworks allegedly repurchased $39.5 million of its own stock at inflated prices.  

If you purchased Skyworks securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact HGT Law at (646) 453-7288 or via email at info@hgtlaw.com.