SkyWater Technology (NASDAQ:SKYT) Shares Up 7% – Should You Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s share price rose 7% during mid-day trading on Monday . The stock traded as high as $19.57 and last traded at $19.23. Approximately 578,108 shares changed hands during trading, a decline of 50% from the average daily volume of 1,148,991 shares. The stock had previously closed at $17.98.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKYT. Stifel Nicolaus assumed coverage on SkyWater Technology in a research report on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price on the stock. Cowen reiterated a “buy” rating on shares of SkyWater Technology 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Finally, Piper Sandler boosted their price target on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SkyWater Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

SkyWater Technology Price Performance

The firm’s 50 day moving average is $17.25 and its 200-day moving average is $13.11. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, beating 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 business 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. Equities analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling at SkyWater Technology

In other news, CEO Thomas Sonderman sold 5,210 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $13.38, for a total value of $69,709.80. Following the sale, the chief executive officer directly owned 521,757 shares of the company’s stock, valued at approximately $6,981,108.66. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Loren A. Unterseher sold 100,000 shares of SkyWater Technology stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total value of $1,454,000.00. Following the completion of the transaction, the director directly owned 4,487,394 shares in the company, valued at approximately $65,246,708.76. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,146,866 shares of company stock worth $15,585,461 over the last ninety days. Company insiders own 37.85% of the company’s stock.

Institutional Trading of SkyWater Technology

Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of SkyWater Technology during the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets boosted its position in SkyWater Technology by 56.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after buying an additional 991 shares during the last quarter. Financial Management Professionals Inc. bought a new position in SkyWater Technology in the second quarter valued at about $32,000. Russell Investments Group Ltd. grew 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 worth $46,000 after buying an additional 2,198 shares during the period. Finally, CWM LLC grew its holdings in SkyWater Technology by 291.3% during the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after acquiring an additional 2,336 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

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.