SkyWater Technology (NASDAQ:SKYT) Stock Price Down 9% – Time to Sell?

SkyWater Technology, Inc. (NASDAQ:SKYT)’s share price traded down 9% during trading on Friday . The company traded as low as $16.42 and last traded at $17.0330. 467,815 shares were traded during mid-day trading, a decline of 56% from the average session volume of 1,056,386 shares. The stock had previously closed at $18.71.

Analysts Set New Price Targets

Several equities research analysts recently commented on SKYT shares. Piper Sandler increased their price objective on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Needham & Company LLC raised their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SkyWater Technology in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Stock Down 8.6%

The company has a market capitalization of $823.83 million, a PE ratio of 6.62 and a beta of 3.49. The company’s fifty day moving average is $15.33 and its 200-day moving average is $11.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.06.

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, beating the consensus estimate of ($0.17) by $0.41. The business 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 7.97%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 120,370 shares of SkyWater Technology stock in a transaction on Friday, September 26th. The shares were sold at an average price of $18.02, for a total value of $2,169,067.40. Following the sale, the director directly owned 6,811,256 shares in the company, valued at approximately $122,738,833.12. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steve Manko sold 60,829 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60. Following the transaction, the chief financial officer owned 327,122 shares of the company’s stock, valued at approximately $5,691,922.80. The trade was a 15.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,364,601 shares of company stock valued at $41,174,012 in the last three months. 37.85% of the stock is currently owned by corporate insiders.

Institutional Trading of SkyWater Technology

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position 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 valued at $27,000 after acquiring an additional 991 shares during the period. NewEdge Advisors LLC boosted its position in SkyWater Technology by 15.4% during the second quarter. NewEdge Advisors LLC now owns 9,350 shares of the company’s stock worth $92,000 after purchasing an additional 1,250 shares in the last quarter. Deutsche Bank AG boosted its position in SkyWater Technology by 1.6% during the first quarter. Deutsche Bank AG now owns 84,977 shares of the company’s stock worth $602,000 after purchasing an additional 1,372 shares in the last quarter. CWM LLC grew its holdings in SkyWater Technology by 291.3% in the third quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after purchasing an additional 2,336 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of SkyWater Technology in the second quarter valued at approximately $25,000. 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.