SkyWater Technology (NASDAQ:SKYT) Reaches New 52-Week High – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus began coverage on SkyWater Technology in a report on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price on the stock. Piper Sandler raised their price objective on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Needham & Company LLC boosted their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday, December 29th. Finally, Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SkyWater Technology 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 debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a 50-day moving average of $18.38 and a 200-day moving average of $14.90.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $150.74 million for 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. Equities analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $69,709.80. Following the completion of the sale, the chief executive officer owned 521,757 shares of the company’s stock, valued at approximately $6,981,108.66. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Loren A. Unterseher sold 100,000 shares of the 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 384,279 shares of company stock worth $5,759,943 over the last ninety days. 37.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SkyWater Technology

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in SkyWater Technology by 3,396.4% during the third 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 during the last quarter. Emerald Advisers LLC raised its holdings in SkyWater Technology by 36.2% in the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after acquiring an additional 362,267 shares in the last quarter. Federated Hermes Inc. lifted its position in SkyWater Technology by 13,712.9% in the third quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock worth $6,477,000 after purchasing an additional 344,606 shares during the period. Erste Asset Management GmbH lifted its holdings in shares of SkyWater Technology by 21.7% during the 3rd quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock worth $25,508,000 after acquiring an additional 250,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in SkyWater Technology by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock valued at $16,660,000 after purchasing an additional 229,954 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

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.