Kornitzer Capital Management Inc. KS Takes $4 Million Position in SkyWater Technology, Inc. $SKYT

Kornitzer Capital Management Inc. KS acquired a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 214,560 shares of the company’s stock, valued at approximately $4,004,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SKYT. Federated Hermes Inc. bought a new stake in SkyWater Technology during the second quarter valued at about $25,000. BNP Paribas Financial Markets raised its stake in shares of SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after buying an additional 991 shares during the period. CWM LLC lifted 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 valued at $59,000 after buying an additional 2,336 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of SkyWater Technology by 15.4% during the 2nd quarter. NewEdge Advisors LLC now owns 9,350 shares of the company’s stock valued at $92,000 after acquiring an additional 1,250 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of SkyWater Technology during the 3rd quarter valued at approximately $239,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen cut shares of SkyWater Technology from a “buy” rating to a “hold” rating and raised their target price for the stock from $24.00 to $35.00 in a research note on Tuesday. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday, December 29th. Needham & Company LLC lowered SkyWater Technology from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus set a $35.00 target price on SkyWater Technology in a research note on Monday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SkyWater Technology has an average rating of “Hold” and an average target price of $32.00.

Key Headlines Impacting SkyWater Technology

Here are the key news stories impacting SkyWater Technology this week:

• Positive Sentiment: IonQ announced it will acquire SkyWater for roughly $1.8B at $35.00 per share, presenting a definitive exit at a sizeable premium to prior trading. Quantum: IonQ to Acquire Foundry Company SkyWater in $1.8B Deal
• Positive Sentiment: IonQ’s shares rose on the acquisition news, signaling market acceptance of the strategic logic and helping validate the offered consideration for SkyWater shareholders. IonQ stock rises after SkyWater Technology acquisition announcement
• Neutral Sentiment: The deal consideration is $15.00 cash plus $20.00 in IonQ stock and is subject to a collar—this ties part of SkyWater’s payout to IonQ share performance and creates price-adjustment dynamics that can go either way for sellers. IonQ to acquire SkyWater Technology in $1.8B deal
• Negative Sentiment: Multiple law firms have launched investigations and shareholder alerts (Brods ky & Smith) alleging the SkyWater board may have breached fiduciary duties in approving the sale—potentially leading to litigation or demands for a better price. SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of SkyWater Technology, Inc. (SKYT)
• Negative Sentiment: Additional plaintiff firms (Monteverde & Associates) are investigating and may file suit claiming the deal undervalues SkyWater, which could delay closing or prompt renegotiation. $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Skywater Technology, Inc. (NASDAQ: SKYT)
• Negative Sentiment: More firms (Ademi LLP; Halper Sadeh LLC) have opened probes over whether shareholders are receiving fair value, increasing the risk of competing claims and potential transaction disruption. Shareholder Alert: The Ademi Firm investigates whether SkyWater Technology, Inc. is obtaining a Fair Price for its Public Shareholders
• Negative Sentiment: Halper Sadeh LLC also announced an investigation into deal fairness, adding to the likelihood of litigation and potential delays. SKYT Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of SkyWater Technology, Inc. is Fair to Shareholders

Insiders Place Their Bets

In other SkyWater Technology news, CEO Thomas Sonderman sold 5,210 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $13.38, for a total transaction 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 represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Loren A. Unterseher sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 384,279 shares of company stock valued at $5,759,943 in the last three months. Corporate insiders own 37.85% of the company’s stock.

SkyWater Technology Price Performance

Shares of SkyWater Technology stock opened at $33.54 on Wednesday. The firm has a market cap of $1.63 billion, a PE ratio of 13.00 and a beta of 3.49. The stock has a 50 day moving average of $21.80 and a 200 day moving average of $16.75. 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, Inc. has a 12 month low of $5.67 and a 12 month high of $36.27.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.41. The business had revenue of $150.74 million for the quarter, compared to the consensus estimate 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. On average, research analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

SkyWater Technology 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.