SkyWater Technology, Inc. (NASDAQ:SKYT) Given Average Recommendation of “Moderate Buy” by Brokerages

SkyWater Technology, Inc. (NASDAQ:SKYT) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.50.

SKYT has been the subject of several research reports. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of SkyWater Technology in a research note on Wednesday, October 8th. Stifel Nicolaus assumed coverage on SkyWater Technology in a research note on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target on the stock. TD Cowen raised their price objective on SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th.

Insider Buying and Selling at SkyWater Technology

In other SkyWater Technology news, CFO Steve Manko sold 60,829 shares of the company’s stock in a transaction on 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 sale, the chief financial officer directly owned 327,122 shares of the company’s stock, valued at approximately $5,691,922.80. This represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Loren A. Unterseher sold 120,370 shares of SkyWater Technology stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $18.02, for a total value of $2,169,067.40. Following the transaction, the director owned 6,811,256 shares of the company’s stock, valued at $122,738,833.12. The trade was a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,770,887 shares of company stock worth $33,799,267. Company insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of SkyWater Technology in the 2nd quarter valued at about $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 period. Financial Management Professionals Inc. purchased a new stake in shares of SkyWater Technology in the second quarter valued at approximately $32,000. CWM LLC raised its stake in shares of SkyWater Technology by 320.2% during the 1st quarter. CWM LLC now owns 5,719 shares of the company’s stock worth $41,000 after buying an additional 4,358 shares during the period. Finally, Russell Investments Group Ltd. lifted its position 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 valued at $46,000 after buying an additional 2,198 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

SkyWater Technology Trading Down 2.3%

SkyWater Technology stock opened at $17.23 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.67. The stock has a market cap of $830.14 million, a PE ratio of 6.68 and a beta of 3.49. The stock has a 50-day moving average of $16.39 and a two-hundred day moving average of $12.12. SkyWater Technology has a one year low of $5.67 and a one year high of $24.23.

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. The firm had revenue of $150.74 million for the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that SkyWater Technology will post -0.22 EPS for the current fiscal year.

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.