SkyWater Technology (NASDAQ:SKYT) Shares Up 7.2% – Still a Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT) was up 7.2% during trading on Friday . The stock traded as high as $16.73 and last traded at $16.82. Approximately 223,227 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,157,409 shares. The stock had previously closed at $15.69.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKYT. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. TD Cowen increased their price objective on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Stifel Nicolaus began coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Five 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

SkyWater Technology Stock Up 6.5%

The business’s 50 day simple moving average is $16.99 and its 200 day simple moving average is $13.45. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $810.36 million, a PE ratio of 6.48 and a beta of 3.50.

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. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 4.96%. The firm had revenue of $150.74 million for the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, equities research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Insider Activity

In other news, Director Loren A. Unterseher sold 100,000 shares of SkyWater Technology stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total value of $1,454,000.00. Following the completion of the transaction, the director owned 4,487,394 shares in the company, valued at approximately $65,246,708.76. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Manko sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $17.40, for a total value of $870,000.00. Following the transaction, the chief financial officer directly owned 277,122 shares in the company, valued at approximately $4,821,922.80. This represents a 15.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 608,861 shares of company stock valued at $9,643,820 in the last ninety days. Insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of 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 purchasing an additional 753,188 shares during the period. Emerald Advisers LLC raised its position in SkyWater Technology by 36.2% in the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock worth $13,412,000 after purchasing an additional 362,267 shares during the period. Federated Hermes Inc. lifted its stake in SkyWater Technology by 13,712.9% in the third quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock worth $6,477,000 after purchasing an additional 344,606 shares during the last quarter. Nuveen LLC bought a new stake in SkyWater Technology in the first quarter worth about $1,919,000. Finally, Erste Asset Management GmbH boosted its position in shares of SkyWater Technology by 21.7% during the third quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock valued at $25,508,000 after buying an additional 250,000 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.