SkyWater Technology (NASDAQ:SKYT) Reaches New 1-Year High – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT) shares reached a new 52-week high on Monday . The company traded as high as $24.49 and last traded at $25.1660, with a volume of 1503530 shares traded. The stock had previously closed at $22.43.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SKYT. Needham & Company LLC lifted their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Stifel Nicolaus began coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SkyWater Technology has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

SkyWater Technology Price Performance

The company has a market cap of $1.20 billion, a P/E ratio of 9.58 and a beta of 3.49. The firm’s 50-day moving average is $17.30 and its two-hundred day moving average is $14.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.61.

SkyWater Technology (NASDAQ:SKYT) last posted its earnings results 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 4.96%. 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. Analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Insider Activity

In other news, Director Loren A. Unterseher sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the transaction, the director owned 4,487,394 shares of the company’s stock, valued at approximately $65,246,708.76. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steve Manko sold 50,000 shares of SkyWater Technology stock in a transaction on Friday, November 14th. The stock was sold at an average price of $17.40, for a total transaction of $870,000.00. Following the transaction, the chief financial officer directly owned 277,122 shares of the company’s stock, valued at $4,821,922.80. The trade was a 15.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 384,279 shares of company stock valued at $5,759,943 in the last ninety days. Insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in SkyWater Technology by 3,396.4% during the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock valued at $14,468,000 after acquiring an additional 753,188 shares during the period. Emerald Advisers LLC grew its holdings in shares of SkyWater Technology by 36.2% in the second quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock worth $13,412,000 after purchasing an additional 362,267 shares during the last quarter. Federated Hermes Inc. increased its stake in SkyWater Technology by 13,712.9% in the 3rd quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock worth $6,477,000 after buying an additional 344,606 shares during the period. Erste Asset Management GmbH increased its stake in SkyWater Technology by 21.7% in the 3rd quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock worth $25,508,000 after buying an additional 250,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in SkyWater Technology by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock valued at $16,660,000 after buying an additional 229,954 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

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.