SkyWater Technology, Inc. $SKYT Shares Purchased by Perkins Capital Management Inc.

Perkins Capital Management Inc. raised its position in SkyWater Technology, Inc. (NASDAQ:SKYT) by 86.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,050 shares of the company’s stock after purchasing an additional 78,800 shares during the period. SkyWater Technology makes up about 2.8% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Perkins Capital Management Inc. owned about 0.35% of SkyWater Technology worth $3,173,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of SkyWater Technology by 56.4% in the 2nd 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. NewEdge Advisors LLC raised its position in shares of SkyWater Technology by 15.4% during the second quarter. NewEdge Advisors LLC now owns 9,350 shares of the company’s stock worth $92,000 after purchasing an additional 1,250 shares during the period. CWM LLC lifted its holdings 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 purchasing an additional 2,336 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of SkyWater Technology during the 2nd quarter valued at about $25,000. Finally, Rhumbline Advisers grew its position in shares of SkyWater Technology by 27.4% in the 2nd quarter. Rhumbline Advisers now owns 47,643 shares of the company’s stock valued at $469,000 after purchasing an additional 10,246 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SkyWater Technology news, CEO Thomas Sonderman sold 5,210 shares of SkyWater Technology stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.38, for a total value of $69,709.80. Following the completion of the transaction, the chief executive officer directly owned 521,757 shares of the company’s stock, valued at $6,981,108.66. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Loren A. Unterseher sold 100,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was 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 in the company, valued at $65,246,708.76. The trade was a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 384,279 shares of company stock worth $5,759,943 in the last 90 days. Company insiders own 37.85% of the company’s stock.

SkyWater Technology Trading Down 5.3%

Shares of SKYT stock opened at $31.32 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $21.12 and a two-hundred day moving average price of $16.43. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $36.27. The company has a market capitalization of $1.52 billion, a PE ratio of 12.14 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT) last posted its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The company had revenue of $150.74 million during the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, analysts predict that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKYT has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. TD Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Needham & Company LLC upped their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group raised SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus initiated coverage on SkyWater Technology in a research note on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

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.