SkyWater Technology (NASDAQ:SKYT) Shares Down 10.1% – Time to Sell?

SkyWater Technology, Inc. (NASDAQ:SKYT) was down 10.1% during mid-day trading on Thursday . The stock traded as low as $19.20 and last traded at $19.2250. 399,902 shares traded hands during trading, a decline of 64% from the average daily volume of 1,101,312 shares. The stock had previously closed at $21.39.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their price target on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Stifel Nicolaus initiated coverage on shares of SkyWater Technology in a research note on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price for the company. Wall Street Zen raised shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SkyWater Technology in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market capitalization of $862.18 million, a price-to-earnings ratio of 6.97 and a beta of 3.49. The firm’s fifty day simple moving average is $16.11 and its 200 day simple moving average is $11.98.

SkyWater Technology (NASDAQ:SKYT) last issued its earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.41. The business had revenue of $150.74 million during the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology had a negative return on equity of 7.97% and a net margin of 36.36%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, sell-side analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Loren A. Unterseher sold 120,370 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $18.02, for a total transaction of $2,169,067.40. Following the transaction, the director owned 6,811,256 shares in the company, valued at approximately $122,738,833.12. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steve Manko sold 60,829 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $17.40, for a total transaction of $1,058,424.60. Following the completion of the sale, the chief financial officer owned 327,122 shares of the company’s stock, valued at $5,691,922.80. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,776,571 shares of company stock worth $33,864,690 in the last quarter. 37.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SkyWater Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in shares of SkyWater Technology in the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets boosted its position in shares of SkyWater Technology by 56.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after purchasing an additional 991 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of SkyWater Technology during the second quarter worth $32,000. CWM LLC increased its holdings in SkyWater Technology by 320.2% in the first quarter. CWM LLC now owns 5,719 shares of the company’s stock valued at $41,000 after purchasing an additional 4,358 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in SkyWater Technology by 814.1% in the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after buying an additional 2,198 shares during the period. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.