TD Cowen Forecasts Strong Price Appreciation for SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology (NASDAQ:SKYT) had its price target lifted by research analysts at TD Cowen from $22.00 to $24.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 33.33% from the company’s previous close.

SKYT has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SkyWater Technology in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Needham & Company LLC upped their target price on SkyWater Technology from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Wall Street Zen upgraded SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Stifel Nicolaus assumed coverage on SkyWater Technology in a research report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

SkyWater Technology Price Performance

SKYT opened at $18.00 on Thursday. The company has a market capitalization of $867.17 million, a price-to-earnings ratio of 6.98 and a beta of 3.49. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. SkyWater Technology has a 12-month low of $5.67 and a 12-month high of $20.85. The business’s fifty day simple moving average is $15.45 and its 200-day simple moving average is $11.63.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 7.97%. 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. On average, equities research analysts anticipate that SkyWater Technology will post -0.22 earnings per share for the current fiscal year.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 756,516 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $12.06, for a total value of $9,123,582.96. Following the completion of the transaction, the director owned 8,161,012 shares of the company’s stock, valued at approximately $98,421,804.72. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 3,364,601 shares of company stock worth $41,174,012. Corporate insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Hedge funds have recently made changes to their positions in the company. Emerald Advisers LLC raised its stake 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 acquiring an additional 362,267 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of SkyWater Technology by 13,712.9% in the third quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock valued at $6,477,000 after purchasing an additional 344,606 shares during the period. Nuveen LLC acquired a new position in shares of SkyWater Technology in the first quarter valued at about $1,919,000. Ameriprise Financial Inc. raised its stake in shares of SkyWater Technology by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock worth $16,660,000 after purchasing an additional 229,954 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of SkyWater Technology during the third quarter worth about $4,004,000. 70.00% of the stock is owned by institutional investors and hedge funds.

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.