SkyWater Technology (NASDAQ:SKYT) Stock Price Up 10.2% – What’s Next?

Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) rose 10.2% on Thursday . The company traded as high as $32.53 and last traded at $33.5520. Approximately 380,030 shares changed hands during trading, a decline of 86% from the average daily volume of 2,768,777 shares. The stock had previously closed at $30.44.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SKYT shares. Piper Sandler boosted their target price on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Stifel Nicolaus started coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday, December 29th. TD Cowen upped their price objective on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.50.

SkyWater Technology Price Performance

The stock has a market capitalization of $1.60 billion, a P/E ratio of 12.81 and a beta of 3.49. 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 fifty day moving average price of $19.27 and a two-hundred day moving average price of $15.29.

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

Insider Buying and Selling

In other 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 sale, the director directly owned 4,487,394 shares in the company, valued at $65,246,708.76. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $69,709.80. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 384,279 shares of company stock valued at $5,759,943 over the last 90 days. Company insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On SkyWater Technology

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in SkyWater Technology by 112.0% during the 1st quarter. AQR Capital Management LLC now owns 313,993 shares of the company’s stock valued at $2,226,000 after buying an additional 165,865 shares in the last quarter. Strs Ohio bought a new position in shares of SkyWater Technology in the 1st quarter valued at about $173,000. Rhumbline Advisers increased its position in shares of SkyWater Technology by 8.0% during the 1st quarter. Rhumbline Advisers now owns 37,397 shares of the company’s stock valued at $265,000 after purchasing an additional 2,783 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of SkyWater Technology in the 2nd quarter worth about $32,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of SkyWater Technology during the second quarter valued at approximately $243,000. Institutional investors own 70.00% of the company’s stock.

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.