Brokerages Set SkyWater Technology, Inc. (NASDAQ:SKYT) Target Price at $21.50

Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.50.

Several brokerages have recently issued reports on SKYT. Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday, December 29th. Cowen reissued a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Needham & Company LLC upped their price target on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Stifel Nicolaus started coverage on SkyWater Technology in a research note on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target for the company. Finally, Jefferies Financial Group raised SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th.

SkyWater Technology Trading Up 8.3%

Shares of SkyWater Technology stock opened at $29.58 on Monday. The firm has a market cap of $1.43 billion, a PE ratio of 11.47 and a beta of 3.49. SkyWater Technology has a 1 year low of $5.67 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a fifty day moving average price of $18.38 and a 200-day moving average price of $14.90.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.41. The company had revenue of $150.74 million during 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 4.96%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Equities research analysts anticipate that SkyWater Technology will post -0.22 EPS for the current year.

Insider Activity

In other SkyWater Technology news, Director Loren A. Unterseher sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the sale, the director owned 4,487,394 shares of the company’s stock, valued at $65,246,708.76. The trade was a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steve Manko sold 50,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 277,122 shares in the company, valued at approximately $4,821,922.80. This represents a 15.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 384,279 shares of company stock valued at $5,759,943 over the last quarter. Company insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Several hedge funds have recently made changes to their positions in SKYT. Federated Hermes Inc. purchased a new stake in SkyWater Technology during the 2nd quarter worth about $25,000. BNP Paribas Financial Markets increased its position in shares of SkyWater Technology by 56.4% during the second 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 period. Financial Management Professionals Inc. bought a new stake in shares of SkyWater Technology during the second quarter valued at about $32,000. Russell Investments Group Ltd. lifted its holdings in shares of SkyWater Technology by 814.1% in the third 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 in the last quarter. Finally, CWM LLC boosted its position in shares of SkyWater Technology by 291.3% in the third quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after acquiring an additional 2,336 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

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.