SkyWater Technology, Inc. (NASDAQ:SKYT) Receives Consensus Recommendation of “Hold” from Analysts

SkyWater Technology, Inc. (NASDAQ:SKYT) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of equities research analysts have weighed in on the company. TD Cowen downgraded SkyWater Technology from a “buy” rating to a “hold” rating and raised their target price for the company from $24.00 to $35.00 in a report on Tuesday. Craig Hallum lowered SkyWater Technology from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Tuesday. Piper Sandler downgraded SkyWater Technology from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $35.00 in a research note on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday, December 29th. Finally, Stifel Nicolaus set a $35.00 price target on shares of SkyWater Technology in a research note on Monday.

SkyWater Technology Price Performance

SKYT stock opened at $32.96 on Friday. The company’s 50-day moving average price is $22.56 and its two-hundred day moving average price is $16.98. The firm has a market cap of $1.60 billion, a P/E ratio of 12.78 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. SkyWater Technology has a 12 month low of $5.67 and a 12 month high of $36.27.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly 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. The company had revenue of $150.74 million during 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 anticipate that SkyWater Technology will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at SkyWater Technology

In related news, CEO Thomas Sonderman sold 5,210 shares of the firm’s 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 sale, the chief executive officer owned 521,757 shares of the company’s stock, valued at $6,981,108.66. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Loren A. Unterseher sold 100,000 shares of the business’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 sale, 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 have sold 384,279 shares of company stock worth $5,759,943 over the last quarter. Corporate insiders own 37.85% of the company’s stock.

Institutional Trading of SkyWater Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of SkyWater Technology by 112.0% in the first 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 during the period. Strs Ohio bought a new stake in SkyWater Technology during the 1st quarter worth approximately $173,000. Y Intercept Hong Kong Ltd acquired a new position in SkyWater Technology in the 2nd quarter valued at approximately $243,000. GWN Securities Inc. bought a new position in shares of SkyWater Technology during the second quarter valued at $148,000. Finally, Emerald Advisers LLC raised its stake in shares of 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 acquiring an additional 362,267 shares during 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.