SkyWater Technology (NASDAQ:SKYT) Sets New 12-Month High – Time to Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT) shares reached a new 52-week high during trading on Monday . The company traded as high as $30.17 and last traded at $30.0090, with a volume of 1609118 shares trading hands. The stock had previously closed at $29.58.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SKYT. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Stifel Nicolaus assumed coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC raised their target price on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Piper Sandler lifted their target price on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Cowen reiterated a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Five 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

SkyWater Technology Stock Up 2.1%

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 stock’s fifty day simple moving average is $18.38 and its 200 day simple moving average is $14.90.

SkyWater Technology (NASDAQ:SKYT) last released 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 during the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Activity

In other news, Director Loren A. Unterseher sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was 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 in the company, valued at $65,246,708.76. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Sonderman sold 5,210 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $13.38, for a total transaction of $69,709.80. Following the completion of the transaction, the chief executive officer directly owned 521,757 shares in the company, valued at approximately $6,981,108.66. This represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 384,279 shares of company stock worth $5,759,943 in the last ninety days. Company insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

Several institutional investors and hedge funds have recently modified their holdings of SKYT. Millennium Management LLC raised its holdings in shares of SkyWater Technology by 3,396.4% in the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock valued at $14,468,000 after purchasing an additional 753,188 shares in the last quarter. Emerald Advisers LLC increased its holdings in shares of SkyWater Technology by 36.2% in the second quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after purchasing an additional 362,267 shares during the period. Federated Hermes Inc. raised its position in SkyWater Technology by 13,712.9% during the 3rd quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock worth $6,477,000 after buying an additional 344,606 shares during the last quarter. Erste Asset Management GmbH lifted its position in SkyWater Technology by 21.7% in the third quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock valued at $25,508,000 after purchasing an additional 250,000 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of SkyWater Technology by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock valued at $16,660,000 after buying an additional 229,954 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company 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.