SkyWater Technology (NASDAQ:SKYT) Stock Price Up 11.3% – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s share price rose 11.3% during trading on Tuesday . The company traded as high as $27.87 and last traded at $28.00. Approximately 1,812,027 shares traded hands during trading, a decline of 42% from the average daily volume of 3,118,807 shares. The stock had previously closed at $25.16.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SKYT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday, December 29th. TD Cowen lifted their price target on shares of SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Needham & Company LLC lifted their price target on shares of SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Piper Sandler boosted their price objective on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Performance

The company has a market cap of $1.35 billion, a P/E ratio of 10.77 and a beta of 3.49. The business has a 50-day moving average of $17.46 and a two-hundred day moving average of $14.36. 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 released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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. On average, sell-side analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, CFO Steve Manko sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $17.40, for a total value of $870,000.00. Following the completion of the transaction, the chief financial officer directly owned 277,122 shares of the company’s stock, valued at approximately $4,821,922.80. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Loren A. Unterseher sold 100,000 shares of the company’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 value of $1,454,000.00. Following the completion of the sale, the director owned 4,487,394 shares in the company, valued at approximately $65,246,708.76. This represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 384,279 shares of company stock worth $5,759,943 over the last three months. 37.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SkyWater Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in SkyWater Technology by 273.6% during the third quarter. JPMorgan Chase & Co. now owns 46,911 shares of the company’s stock worth $875,000 after acquiring an additional 34,355 shares during the period. Tudor Investment Corp ET AL purchased a new stake in SkyWater Technology during the 3rd quarter worth approximately $1,202,000. NewEdge Advisors LLC lifted its position in shares of SkyWater Technology by 10.7% in the third quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after acquiring an additional 1,000 shares in the last quarter. Mairs & Power Inc. lifted its holdings in SkyWater Technology by 12.7% in the 3rd quarter. Mairs & Power Inc. now owns 184,756 shares of the company’s stock valued at $3,448,000 after purchasing an additional 20,836 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in SkyWater Technology by 3,396.4% during the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock worth $14,468,000 after purchasing an additional 753,188 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 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.