SkyWater Technology (NASDAQ:SKYT) Shares Gap Up – What’s Next?

SkyWater Technology, Inc. (NASDAQ:SKYT) gapped up before the market opened on Monday . The stock had previously closed at $31.32, but opened at $33.78. SkyWater Technology shares last traded at $33.5710, with a volume of 4,069,949 shares trading hands.

Wall Street Analysts Forecast Growth

SKYT has been the topic of a number of research reports. TD Cowen restated a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Needham & Company LLC lifted their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Piper Sandler upped their price target on shares of SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

SkyWater Technology Price Performance

The stock has a market capitalization of $1.57 billion, a PE ratio of 12.53 and a beta of 3.49. The business’s 50-day moving average price is $21.12 and its 200 day moving average price is $16.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data 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 negative return on equity of 4.96% and a net margin of 36.36%.The company had revenue of $150.74 million during the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 of the company’s stock, valued at $65,246,708.76. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Manko sold 50,000 shares of the stock in a transaction 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 completion of 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. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 384,279 shares of company stock valued at $5,759,943. 37.85% of the stock is owned by corporate insiders.

Institutional Trading of SkyWater Technology

Several hedge funds and other institutional investors have recently bought and sold shares of SKYT. Federated Hermes Inc. bought a new position in shares of SkyWater Technology during the second quarter valued at about $25,000. BNP Paribas Financial Markets raised its holdings in shares of SkyWater Technology by 56.4% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after acquiring an additional 991 shares in the last quarter. Russell Investments Group Ltd. increased its position in SkyWater Technology by 814.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after purchasing an additional 2,198 shares during the period. CWM LLC raised its holdings in 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 purchasing an additional 2,336 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of SkyWater Technology by 15.4% in the 2nd quarter. NewEdge Advisors LLC now owns 9,350 shares of the company’s stock worth $92,000 after purchasing an additional 1,250 shares during the period. Institutional investors own 70.00% of the company’s stock.

About SkyWater Technology

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.