SkyWater Technology (NASDAQ:SKYT) Reaches New 12-Month High – What’s Next?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $24.49 and last traded at $25.1660, with a volume of 1503530 shares traded. The stock had previously closed at $22.43.

Wall Street Analysts Forecast Growth

Several research firms have commented on SKYT. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. TD Cowen raised their price target on SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Stifel Nicolaus began coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC increased their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Cowen reissued a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SkyWater Technology presently has an average rating of “Moderate Buy” and an average price target of $21.50.

SkyWater Technology Stock Performance

The firm’s 50 day moving average is $17.30 and its 200 day moving average is $14.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $1.20 billion, a P/E ratio of 9.58 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Buying and Selling at SkyWater Technology

In other news, CEO Thomas Sonderman sold 5,210 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $13.38, for a total transaction of $69,709.80. Following the transaction, the chief executive officer owned 521,757 shares in the company, valued at $6,981,108.66. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steve Manko sold 50,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $17.40, for a total transaction of $870,000.00. Following the completion of the transaction, the chief financial officer directly owned 277,122 shares of the company’s stock, 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 ninety days, insiders sold 384,279 shares of company stock worth $5,759,943. 37.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new stake in shares of SkyWater Technology during the second quarter worth $25,000. BNP Paribas Financial Markets grew its stake in SkyWater Technology by 56.4% during the 2nd 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. acquired a new position in shares of SkyWater Technology in the second quarter valued at about $32,000. Russell Investments Group Ltd. raised its stake in shares of SkyWater Technology by 814.1% in the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after purchasing an additional 2,198 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of SkyWater Technology by 291.3% during the third quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after purchasing an additional 2,336 shares during the period. Institutional investors and hedge funds 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.