SkyWater Technology (NASDAQ:SKYT) Stock Price Up 6% – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT) shares were up 6% on Tuesday . The stock traded as high as $19.86 and last traded at $19.54. Approximately 489,627 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,166,405 shares. The stock had previously closed at $18.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Needham & Company LLC boosted their target price on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Piper Sandler increased their price target on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Stifel Nicolaus began coverage on SkyWater Technology in a research report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Performance

The stock’s 50 day moving average is $17.05 and its two-hundred day moving average is $13.94. The stock has a market capitalization of $964.48 million, a price-to-earnings ratio of 7.63 and a beta of 3.51. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 4.96% and a net margin of 36.36%.SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at SkyWater Technology

In other news, CEO Thomas Sonderman sold 5,210 shares of SkyWater Technology stock in a transaction that occurred on Friday, November 21st. The shares were 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 in the company, valued at $6,981,108.66. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Manko sold 50,000 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $17.40, for a total transaction of $870,000.00. Following the completion of the sale, the chief financial officer directly owned 277,122 shares in the company, valued at approximately $4,821,922.80. This represents a 15.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 384,279 shares of company stock worth $5,759,943. Corporate insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKYT. Russell Investments Group Ltd. increased its position 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 valued at $46,000 after acquiring an additional 2,198 shares during the last quarter. Federated Hermes Inc. bought a new position in SkyWater Technology in the second quarter valued at approximately $25,000. BNP Paribas Financial Markets increased its position in shares of SkyWater Technology by 56.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after purchasing an additional 991 shares during the last quarter. CWM LLC increased its position in shares of 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 purchasing an additional 2,336 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of SkyWater Technology during the 2nd quarter worth approximately $32,000. 70.00% of the stock is owned by 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.