SkyWater Technology, Inc. (NASDAQ:SKYT) Receives $21.50 Average PT from Analysts

Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.50.

SKYT has been the topic of a number of recent analyst reports. Stifel Nicolaus started coverage on shares of SkyWater Technology in a research note on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target on the stock. Jefferies Financial Group raised SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Needham & Company LLC raised 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. Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday. Finally, Piper Sandler upped their price objective on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th.

SkyWater Technology Trading Down 9.1%

NASDAQ:SKYT opened at $14.84 on Thursday. SkyWater Technology has a 12-month low of $5.67 and a 12-month high of $24.23. 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 stock’s 50 day simple moving average is $17.07 and its 200-day simple moving average is $13.44. The firm has a market cap of $719.89 million, a P/E ratio of 5.75 and a beta of 3.50.

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

Insider Transactions at SkyWater Technology

In other news, CFO Steve Manko sold 60,829 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60. Following the completion of the transaction, the chief financial officer owned 327,122 shares in the company, valued at $5,691,922.80. This trade represents a 15.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Loren A. Unterseher sold 120,370 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 6,811,256 shares of the company’s stock, valued at $122,738,833.12. This trade represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 608,861 shares of company stock valued at $9,643,820 in the last ninety days. 37.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SkyWater Technology

A number of institutional investors and hedge funds have recently modified their holdings of SKYT. Federated Hermes Inc. purchased a new position in SkyWater Technology in the 2nd quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its holdings in SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after purchasing an additional 991 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of SkyWater Technology in the second quarter valued at $32,000. Russell Investments Group Ltd. raised its stake in shares of SkyWater Technology by 814.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after buying an additional 2,198 shares during the last quarter. Finally, CWM LLC boosted its position in shares of SkyWater Technology by 291.3% in the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after buying an additional 2,336 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

About SkyWater Technology

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.