SkyWater Technology, Inc. (NASDAQ:SKYT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.50.

A number of research firms recently issued reports on SKYT. Needham & Company LLC boosted their price objective on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Piper Sandler boosted their target price on shares of SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday, December 29th. Cowen reiterated a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Finally, Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th.

SkyWater Technology Stock Performance

SkyWater Technology stock opened at $22.43 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market capitalization of $1.09 billion, a P/E ratio of 8.69 and a beta of 3.49. SkyWater Technology has a 1-year low of $5.67 and a 1-year high of $24.23. The company’s 50-day moving average is $17.30 and its 200 day moving average is $14.25.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.41. The business had revenue of $150.74 million during the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Research analysts forecast that SkyWater Technology will post -0.22 EPS for the current year.

Insider Activity at SkyWater Technology

In related news, CEO Thomas Sonderman sold 5,210 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $13.38, for a total value of $69,709.80. Following the transaction, the chief executive officer owned 521,757 shares of the company’s stock, valued at $6,981,108.66. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Manko sold 50,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $17.40, for a total value of $870,000.00. Following the transaction, the chief financial officer owned 277,122 shares in the company, valued at $4,821,922.80. The trade was a 15.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 384,279 shares of company stock worth $5,759,943. Company insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in SkyWater Technology by 3,396.4% during the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock worth $14,468,000 after acquiring an additional 753,188 shares in the last quarter. Emerald Advisers LLC boosted its stake in shares of SkyWater Technology by 36.2% during the second quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after purchasing an additional 362,267 shares in the last quarter. Federated Hermes Inc. increased its holdings in SkyWater Technology by 13,712.9% during the third quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock valued at $6,477,000 after buying an additional 344,606 shares during the period. Erste Asset Management GmbH raised its stake in SkyWater Technology by 21.7% in the third quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock worth $25,508,000 after buying an additional 250,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in SkyWater Technology by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock worth $16,660,000 after buying an additional 229,954 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

SkyWater Technology Solutions, Inc is a U.S.-based specialty semiconductor foundry headquartered in Bloomington, Minnesota. The company focuses on the development and manufacture of high-reliability integrated circuits using advanced processes on 200-millimeter wafers.

SkyWater’s service offerings span analog/mixed-signal, radio frequency (RF), micro-electromechanical systems (MEMS) and advanced packaging technologies. Its turnkey model includes multi-project wafer (MPW) runs, volume production, design enablement support and assembly and test services, enabling customers to take concepts from prototype to market.

Serving aerospace, defense, automotive, industrial, medical and communications sectors, SkyWater supports applications that demand rigorous performance, quality and traceability.