SkyWater Technology (NASDAQ:SKYT) Sets New 12-Month High – Should You Buy?

SkyWater Technology, Inc. (NASDAQ:SKYT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.04 and last traded at $34.80, with a volume of 507666 shares trading hands. The stock had previously closed at $33.10.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SKYT. Piper Sandler boosted their target price on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Needham & Company LLC raised their target price on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently 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 $1.72 billion, a price-to-earnings ratio of 13.75 and a beta of 3.49. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $20.03 and its 200 day moving average is $15.79.

SkyWater Technology (NASDAQ:SKYT) last posted 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. The business had revenue of $150.74 million during the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Transactions at SkyWater Technology

In other news, CFO Steve Manko sold 50,000 shares of SkyWater Technology stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $17.40, for a total value of $870,000.00. Following the sale, the chief financial officer owned 277,122 shares of the company’s stock, valued at $4,821,922.80. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Loren A. Unterseher sold 100,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the transaction, the director directly owned 4,487,394 shares of the company’s stock, valued at $65,246,708.76. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 384,279 shares of company stock worth $5,759,943. Company insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On SkyWater Technology

A number of institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new position in shares of SkyWater Technology during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its stake in shares of SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after buying an additional 991 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in SkyWater Technology during the second quarter worth $32,000. Russell Investments Group Ltd. raised its position in SkyWater Technology by 814.1% in the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after acquiring an additional 2,198 shares in the last quarter. Finally, CWM LLC lifted 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 acquiring an additional 2,336 shares during the period. Hedge funds and other 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.