SkyWater Technology (NASDAQ:SKYT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

SkyWater Technology (NASDAQ:SKYT) had its target price upped by investment analysts at Needham & Company LLC from $15.00 to $20.00 in a research report issued on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 11.11% from the stock’s previous close.

SKYT has been the subject of several other research reports. Stifel Nicolaus started coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target for the company. Wall Street Zen upgraded SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SkyWater Technology in a research report on Wednesday, October 8th. TD Cowen increased their target price on SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Five research 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 an average rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Down 3.8%

Shares of SKYT opened at $18.00 on Thursday. The firm has a 50 day simple moving average of $15.45 and a two-hundred day simple moving average of $11.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 0.97. SkyWater Technology has a one year low of $5.67 and a one year high of $20.85. The company has a market cap of $867.17 million, a P/E ratio of 6.98 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings results 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 company had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 7.97%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Research analysts forecast that SkyWater Technology will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Loren A. Unterseher sold 756,516 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $12.06, for a total transaction of $9,123,582.96. Following the transaction, the director owned 8,161,012 shares in the company, valued at $98,421,804.72. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 3,364,601 shares of company stock valued at $41,174,012. 37.85% of the stock is currently owned by corporate insiders.

Institutional Trading of SkyWater Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new position in SkyWater Technology during the 2nd quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its stake in shares of SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after acquiring an additional 991 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of SkyWater Technology during the second quarter valued at $32,000. GAMMA Investing LLC raised its position in shares of SkyWater Technology by 941.3% in the 1st quarter. GAMMA Investing LLC now owns 4,613 shares of the company’s stock worth $33,000 after purchasing an additional 4,170 shares during the last quarter. Finally, CWM LLC raised its position in shares of SkyWater Technology by 320.2% in the 1st quarter. CWM LLC now owns 5,719 shares of the company’s stock worth $41,000 after purchasing an additional 4,358 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

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.