SkyWater Technology, Inc. (NASDAQ:SKYT) Receives $21.50 Consensus Price Target from Brokerages

SkyWater Technology, Inc. (NASDAQ:SKYT) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.50.

Several research firms recently weighed in on SKYT. Needham & Company LLC upped their price target on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Stifel Nicolaus began coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday.

SkyWater Technology Stock Down 5.4%

Shares of NASDAQ:SKYT opened at $15.71 on Friday. The firm has a 50 day simple moving average of $16.61 and a 200 day simple moving average of $12.28. SkyWater Technology has a 52 week low of $5.67 and a 52 week high of $24.23. 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 company has a market cap of $762.09 million, a PE ratio of 6.09 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share 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 analysts’ expectations 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. As a group, research analysts expect that SkyWater Technology will post -0.22 earnings per share for the current year.

Insider Buying and Selling at SkyWater Technology

In related news, CEO Thomas Sonderman sold 5,207 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $17.00, for a total transaction of $88,519.00. Following the completion of the sale, the chief executive officer directly owned 526,967 shares in the company, valued at approximately $8,958,439. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Loren A. Unterseher sold 12,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $17.45, for a total value of $209,400.00. Following the completion of the transaction, the director owned 4,797,056 shares in the company, valued at $83,708,627.20. This trade represents a 0.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,742,337 shares of company stock valued at $33,874,136 in the last quarter. Company insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

Several large investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new position in SkyWater Technology during the second quarter valued at approximately $25,000. BNP Paribas Financial Markets increased its stake in shares of SkyWater Technology by 56.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after purchasing an additional 991 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of SkyWater Technology during the 2nd quarter valued at $32,000. CWM LLC raised its holdings in shares of SkyWater Technology by 320.2% during the 1st quarter. CWM LLC now owns 5,719 shares of the company’s stock valued at $41,000 after purchasing an additional 4,358 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of SkyWater Technology by 814.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after purchasing an additional 2,198 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.