SkyWater Technology (NASDAQ:SKYT) Shares Gap Up – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $14.92, but opened at $15.94. SkyWater Technology shares last traded at $15.3720, with a volume of 382,300 shares traded.

Analysts Set New Price Targets

SKYT has been the subject of a number of research reports. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Cowen reissued a “buy” rating on shares of SkyWater Technology in a research 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. TD Cowen boosted their price objective on SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Piper Sandler increased their price objective on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SkyWater Technology has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Trading Down 4.4%

The firm has a market cap of $692.21 million, a PE ratio of 5.55 and a beta of 3.49. The company’s fifty day moving average price is $16.71 and its two-hundred day moving average price is $12.30. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, sell-side analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Transactions at SkyWater Technology

In other news, Director Loren A. Unterseher sold 756,516 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $12.06, for a total transaction of $9,123,582.96. Following the sale, the director owned 8,161,012 shares of the company’s stock, valued at $98,421,804.72. The trade was a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Manko sold 60,829 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $17.40, for a total value of $1,058,424.60. Following the completion of the sale, the chief financial officer owned 327,122 shares in the company, valued at approximately $5,691,922.80. This represents a 15.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,704,358 shares of company stock valued at $33,450,291. 37.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in SkyWater Technology by 814.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after acquiring an additional 2,198 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of SkyWater Technology in the second quarter valued at about $25,000. BNP Paribas Financial Markets grew its position in shares of 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. CWM LLC lifted its stake in SkyWater Technology by 291.3% in the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after buying an additional 2,336 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in SkyWater Technology during the 2nd quarter valued at $32,000. 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.