SkyWater Technology (NASDAQ:SKYT) Posts Earnings Results, Beats Estimates By $0.41 EPS

SkyWater Technology (NASDAQ:SKYT) issued its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41, FiscalAI reports. SkyWater Technology had a negative return on equity of 7.97% and a net margin of 36.36%.The business had revenue of $150.74 million for the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology updated its Q4 2025 guidance to -0.080-0.040 EPS.

SkyWater Technology Stock Performance

Shares of SKYT stock traded down $0.71 during mid-day trading on Friday, reaching $18.00. The stock had a trading volume of 3,316,651 shares, compared to its average volume of 1,071,249. The firm’s 50 day simple moving average is $15.33 and its 200 day simple moving average is $11.55. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market cap of $867.24 million, a PE ratio of 6.98 and a beta of 3.49. SkyWater Technology has a one year low of $5.67 and a one year high of $20.85.

Wall Street Analyst Weigh In

Several brokerages have commented on SKYT. Cowen reiterated a “buy” rating on shares of SkyWater Technology in a report on Thursday. Stifel Nicolaus began coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price for the company. Needham & Company LLC upped 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. Wall Street Zen upgraded SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SkyWater Technology in a research report on Wednesday, October 8th. Five 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Insiders Place Their Bets

In related news, Director Loren A. Unterseher sold 120,370 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $18.02, for a total value of $2,169,067.40. Following the completion of the transaction, the director owned 6,811,256 shares of the company’s stock, valued at $122,738,833.12. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steve Manko sold 60,829 shares of SkyWater Technology stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60. Following the sale, the chief financial officer directly owned 327,122 shares in the company, valued at $5,691,922.80. The trade was a 15.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,364,601 shares of company stock worth $41,174,012 over the last 90 days. Corporate insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Several institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in SkyWater Technology by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock worth $16,660,000 after acquiring an additional 229,954 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of SkyWater Technology by 112.0% in the first quarter. AQR Capital Management LLC now owns 313,993 shares of the company’s stock valued at $2,226,000 after buying an additional 165,865 shares in the last quarter. Vanguard Group Inc. lifted its position in SkyWater Technology by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,047,168 shares of the company’s stock worth $38,200,000 after buying an additional 94,948 shares in the last quarter. Squarepoint Ops LLC grew its holdings in SkyWater Technology by 405.4% during the 2nd quarter. Squarepoint Ops LLC now owns 87,290 shares of the company’s stock worth $859,000 after acquiring an additional 70,019 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in SkyWater Technology in the 2nd quarter valued at about $377,000. 70.00% of the stock is owned by institutional investors.

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.