SkyWater Technology (NASDAQ:SKYT) Trading 6% Higher – Still a Buy?

by · The Cerbat Gem

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report)’s share price rose 6% on Tuesday . The stock traded as high as $19.86 and last traded at $19.54. Approximately 489,627 shares traded hands during trading, a decline of 58% from the average daily volume of 1,166,405 shares. The stock had previously closed at $18.44.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cowen reissued a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Piper Sandler lifted their price objective on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Needham & Company LLC increased their target price on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen upgraded SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SkyWater Technology currently has an average rating of “Moderate Buy” and an average target price of $21.50.

View Our Latest Report on SKYT

SkyWater Technology Trading Up 7.8%

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The company has a market cap of $964.48 million, a P/E ratio of 7.63 and a beta of 3.51. The business has a 50-day moving average price of $17.05 and a two-hundred day moving average price of $13.94.

SkyWater Technology (NASDAQ:SKYT – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The firm had revenue of $150.74 million during the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Activity at SkyWater Technology

In other SkyWater Technology news, CEO Thomas Sonderman sold 5,210 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $13.38, for a total value of $69,709.80. Following the transaction, the chief executive officer directly owned 521,757 shares of the company’s stock, valued at approximately $6,981,108.66. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Loren A. Unterseher sold 100,000 shares of SkyWater Technology stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the sale, the director directly owned 4,487,394 shares of the company’s stock, valued at $65,246,708.76. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 384,279 shares of company stock worth $5,759,943 over the last ninety days. Company insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL acquired a new position in SkyWater Technology in the third quarter valued at about $1,202,000. NewEdge Advisors LLC increased its stake in shares of SkyWater Technology by 10.7% in the 3rd quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after acquiring an additional 1,000 shares during the last quarter. Mairs & Power Inc. raised its position in shares of SkyWater Technology by 12.7% in the 3rd quarter. Mairs & Power Inc. now owns 184,756 shares of the company’s stock valued at $3,448,000 after acquiring an additional 20,836 shares during the period. Millennium Management LLC boosted its stake 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 during the last quarter. Finally, Jain Global LLC acquired a new position in SkyWater Technology during the third quarter valued at approximately $207,000. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

(Get Free Report)

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.

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