SkyWater Technology (NASDAQ:SKYT) Shares Gap Up – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s stock price gapped up prior to trading 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.

Analyst Ratings Changes

A number of brokerages have commented on SKYT. Stifel Nicolaus set a $35.00 price target on shares of SkyWater Technology in a research report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday, December 29th. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Piper Sandler lifted their target price on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, TD Cowen reissued a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SkyWater Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

SkyWater Technology Price Performance

The business has a 50-day moving average of $21.12 and a 200 day moving average of $16.43. The firm has a market capitalization of $1.57 billion, a P/E ratio of 12.53 and a beta of 3.49. 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, topping analysts’ consensus estimates 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 for 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, sell-side analysts predict that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at SkyWater Technology

In other SkyWater Technology news, CFO Steve Manko sold 50,000 shares of the firm’s 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 in the company, valued at approximately $4,821,922.80. This trade represents a 15.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Loren A. Unterseher sold 100,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 384,279 shares of company stock valued at $5,759,943. 37.85% of the stock is owned by insiders.

Hedge Funds Weigh In On SkyWater Technology

Hedge funds have recently modified their holdings of the company. BIP Wealth LLC bought a new position in shares of SkyWater Technology during the 4th quarter valued at approximately $361,000. FNY Investment Advisers LLC raised its holdings in shares of SkyWater Technology by 205.2% in the 4th quarter. FNY Investment Advisers LLC now owns 10,266 shares of the company’s stock worth $186,000 after purchasing an additional 6,902 shares during the period. GSG Advisors LLC purchased a new position in SkyWater Technology in the fourth quarter valued at approximately $363,000. Harbour Capital Advisors LLC bought a new position in SkyWater Technology during the fourth quarter valued at $513,000. Finally, JPMorgan Chase & Co. grew its holdings in SkyWater Technology by 273.6% during the third quarter. JPMorgan Chase & Co. now owns 46,911 shares of the company’s stock valued at $875,000 after purchasing an additional 34,355 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.