SkyWater Technology (NASDAQ:SKYT) Trading Up 10.2% – Here’s Why

SkyWater Technology, Inc. (NASDAQ:SKYT) shot up 10.2% during trading on Thursday . The company traded as high as $32.53 and last traded at $33.5520. 380,030 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,768,777 shares. The stock had previously closed at $30.44.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Needham & Company LLC increased their price objective on shares of 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 boosted their target price on shares of SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Stifel Nicolaus assumed coverage on shares of 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, Cowen reissued a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Up 8.6%

The company has a market cap of $1.60 billion, a price-to-earnings ratio of 12.81 and a beta of 3.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s fifty day moving average is $19.27 and its two-hundred day moving average is $15.29.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.41. The firm had revenue of $150.74 million during 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. Sell-side analysts predict 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 SkyWater Technology news, Director Loren A. Unterseher sold 100,000 shares of the company’s stock in a transaction 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 transaction, the director owned 4,487,394 shares in the company, valued at $65,246,708.76. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sonderman sold 5,210 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $6,981,108.66. This represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 384,279 shares of company stock worth $5,759,943. 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 stock. Y Intercept Hong Kong Ltd bought a new stake in shares of SkyWater Technology in the 2nd quarter worth approximately $243,000. Emerald Advisers LLC lifted its holdings in SkyWater Technology by 36.2% during 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 last quarter. Squarepoint Ops LLC increased its stake in shares of SkyWater Technology by 405.4% in the second quarter. Squarepoint Ops LLC now owns 87,290 shares of the company’s stock worth $859,000 after purchasing an additional 70,019 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of SkyWater Technology by 18.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 714,144 shares of the company’s stock valued at $7,027,000 after purchasing an additional 111,847 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of SkyWater Technology during the 2nd quarter valued at approximately $276,000. 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.