SkyWater Technology (NASDAQ:SKYT) Shares Up 7.2% – Here’s Why

SkyWater Technology, Inc. (NASDAQ:SKYT)’s stock price shot up 7.2% during mid-day trading on Friday . The stock traded as high as $16.73 and last traded at $16.82. 223,227 shares were traded during trading, a decline of 81% from the average session volume of 1,157,409 shares. The stock had previously closed at $15.69.

Wall Street Analyst Weigh In

SKYT has been the topic of several recent analyst reports. Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Stifel Nicolaus assumed coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday. Finally, Needham & Company LLC raised their price objective on shares of SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50.

SkyWater Technology Trading Up 6.5%

The stock has a market capitalization of $810.36 million, a P/E ratio of 6.48 and a beta of 3.50. The stock’s fifty day moving average price is $16.99 and its two-hundred day moving average price is $13.45. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT) last issued its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.41. The company had revenue of $150.74 million during the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Equities research analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Transactions at SkyWater Technology

In other news, Director Loren A. Unterseher sold 120,370 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $18.02, for a total value of $2,169,067.40. Following the completion of the transaction, the director owned 6,811,256 shares in the company, valued at $122,738,833.12. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Sonderman sold 5,210 shares of SkyWater Technology stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $13.38, for a total value of $69,709.80. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 608,861 shares of company stock valued at $9,643,820. Corporate insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new position in SkyWater Technology during the second quarter valued at $25,000. BNP Paribas Financial Markets grew its position 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. bought a new stake in SkyWater Technology during the 2nd quarter valued at about $32,000. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 2,198 shares during the last quarter. Finally, CWM LLC raised its holdings in SkyWater Technology by 291.3% in the third quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after buying an additional 2,336 shares during the last quarter. Institutional investors 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.