Latest news with #SWKS
Business Wire
29-05-2025
- Business
- Business Wire
Robert Schriesheim Appointed Interim Chief Financial Officer of Skyworks
IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, announced today that Mark Dentinger will not be joining Skyworks as Chief Financial Officer (CFO) due to an unforeseen medical condition. Robert Schriesheim, a member of Skyworks' Board of Directors, has been appointed interim CFO while Skyworks conducts a comprehensive search for a successor. 'We were looking forward to Mark joining Skyworks but support his decision to prioritize his health. We all wish him a full and speedy recovery,' said Phil Brace, chief executive officer and president of Skyworks. 'We are pleased that Rob has stepped into this interim role and are confident in his ability to guide our financial strategy and team during this transition.' Mr. Schriesheim has been a director of Skyworks since 2006 and currently serves as chairman of Truax Partners LLC, partnering with CEOs, Boards and institutional investors as a private investor and director. He has extensive financial, strategic and governance expertise having served on 12 public boards ranging from under $1 billion in revenue to Fortune 500 in size. He has served as CFO of four public companies with revenue from $1 billion to $40 billion including Sears Holdings, Hewitt Associates and Lawson Software. His experience has been in the software, communications, semiconductor, information technology, financial services and retail sectors. He also serves as an Adjunct Associate Professor of Finance at The University of Chicago Booth School of Business focused in the area of Corporate Governance and Activism. Mr. Schriesheim currently serves as Lead Independent Director of Houlihan Lokey and as a director of Alight Solutions. Mr. Schriesheim has an AB in chemistry from Princeton University and an MBA from the University of Chicago Booth School of Business. 'As a long serving board member with a strong belief in and passion for the company, I look forward to serving in an interim capacity in support of Phil and his team while we conduct a search for a permanent CFO,' said Mr. Schriesheim. Skyworks remains committed to executing its strategic plan and driving long-term value for shareholders. About Skyworks Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks' website at: Safe Harbor Statement This press release includes 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information relating to future events, prospects, expectations and results of Skyworks (e.g., expectations relating to Skyworks' strategic plan, driving long-term value for shareholders and conducting a smooth executive transition and search process). Forward-looking statements can often be identified by words such as 'continue,' 'expects,' 'intends,' 'believes,' 'plans,' 'may,' or 'will' and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected and may affect our future operating results, financial position and cash flows. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Skyworks' control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, our ability to successfully manage senior management transitions, execute on our strategy, and the risk factors set forth in Skyworks' filings with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K. The forward-looking statements contained in this press release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
13-05-2025
- Business
- Yahoo
Here's Why Skyworks Solutions (SWKS) Slid in Q1
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. After two years of robust earnings, US equities entered a correction territory in Q1. The portfolio declined 4.3% (-4.5%, net) during the quarter compared to a 3.4% decrease for the Russell Midcap Index. Sector exposure was a headwind to the strategy's relative performance in the quarter. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Skyworks Solutions, Inc. (NASDAQ:SWKS). Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, and manufactures proprietary semiconductor products. The one-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was 28.50%, and its shares lost 21.88% of their value over the last 52 weeks. On May 12, 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $73.04 per share with a market capitalization of $10.97 billion. The London Company Mid Cap Strategy stated the following regarding Skyworks Solutions, Inc. (NASDAQ:SWKS) in its Q1 2025 investor letter: "Skyworks Solutions, Inc. (NASDAQ:SWKS) - SWKS shares underperformed after it announced it would be losing sole control of an iPhone 17 component to a rival, cutting Apple revenue by -13%, though Apple still drives -70% of its sales. We still like SWKS for its tech strength, strong balance sheet, and capital allocation strategy." A technician using a specialized tool to mount a wireless analog system on chip. Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of the fourth quarter which was 31 in the previous quarter. In the second quarter of fiscal 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenue of $953 million, surpassing the midpoint of guidance range. While we acknowledge the potential of Skyworks Solutions, Inc. (NASDAQ:SWKS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Skyworks Solutions, Inc. (NASDAQ:SWKS) and shared the list of dividend stocks targeted by short sellers. Skyworks Solutions, Inc. (NASDAQ:SWKS) was the primary detractor to Vulcan Values' performance in Q1 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Washington Post
07-05-2025
- Business
- Washington Post
Skyworks: Fiscal Q2 Earnings Snapshot
IRVINE, Calif. — IRVINE, Calif. — Skyworks Solutions Inc. (SWKS) on Wednesday reported fiscal second-quarter earnings of $68.7 million. The Irvine, California-based company said it had profit of 43 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.24 per share.
Associated Press
03-05-2025
- Business
- Associated Press
SWKS Deadline: SWKS Investors with Losses in Excess of $100K Have Opportunity to Lead Skyworks Solutions, Inc. Securities Fraud Lawsuit
NEW YORK, May 2, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Skyworks Solutions, Inc. (NASDAQ: SWKS) between July 30, 2024 and February 5, 2025, both dates inclusive (the 'Class Period'), of the important May 5, 2025 lead plaintiff deadline. So what: If you purchased Skyworks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Skyworks class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants provided investors with material information concerning Skyworks' expected revenue for the 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 AI in the smartphone upgrade cycle. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Skyworks class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] View original content to download multimedia: SOURCE THE ROSEN LAW FIRM, P. A.
Business Wire
02-05-2025
- Business
- Business Wire
Deadline Soon: Skyworks Solutions, Inc. (SWKS) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz reminds investors of the upcoming May 5, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Skyworks Solutions, Inc. ('Skyworks' or the 'Company') (NASDAQ: SWKS) securities between August 8, 2023, inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO LOST MONEY ON SKYWORKS SOLUTIONS, INC. (SWKS), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT. What Happened? On February 5, 2025, Skyworks released its first quarter 2025 financial results, reporting a greater than anticipated decline in quarterly revenue and providing lower guidance for the second quarter than expected. The Company attributed the results to a 'competitive landscape' that had 'intensified' in recent years. On this news, Skyworks' stock price fell $21.48, or 24.7%, to close at $65.60 per share on February 6, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) 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; (2) Defendants oversold Skyworks' position and ability to capitalize on AI in the smartphone upgrade cycle; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Skyworks securities between August 8, 2023 to February 5, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is May 5, 2025. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Email us at: info@ Call us at: 310-914-5007 Visit our website at Follow us for updates on Twitter: If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
