SkyWater Technology (NASDAQ:SKYT) Director Sells 12,000 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 12,000 shares of SkyWater Technology stock in a transaction on Monday, November 17th. The shares were sold at an average price of $17.45, for a total transaction of $209,400.00. Following the completion of the transaction, the director directly owned 4,797,056 shares of the company’s stock, valued at $83,708,627.20. The trade was a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SkyWater Technology Price Performance

SkyWater Technology stock traded down $0.62 during trading on Monday, reaching $16.61. The company had a trading volume of 1,862,996 shares, compared to its average volume of 1,122,083. 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 firm has a market capitalization of $800.20 million, a PE ratio of 6.44 and a beta of 3.49. SkyWater Technology, Inc. has a 1-year low of $5.67 and a 1-year high of $24.23. The firm’s 50-day simple moving average is $16.39 and its 200 day simple moving average is $12.16.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, equities research analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SkyWater Technology

Several institutional investors and hedge funds have recently modified their holdings of SKYT. Y Intercept Hong Kong Ltd acquired a new stake in SkyWater Technology in the 2nd quarter worth about $243,000. AlphaQuest LLC grew its position in SkyWater Technology by 159.9% during the first quarter. AlphaQuest LLC now owns 43,483 shares of the company’s stock valued at $308,000 after acquiring an additional 26,754 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in SkyWater Technology during the first quarter worth about $464,000. Nuveen LLC purchased a new position in shares of SkyWater Technology in the 1st quarter worth about $1,919,000. Finally, Emerald Advisers LLC lifted its stake in shares of 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 purchasing an additional 362,267 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SKYT shares. Cowen restated a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Stifel Nicolaus initiated coverage on SkyWater Technology in a report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target for the company. TD Cowen upped their target price on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Needham & Company LLC lifted their target price on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SkyWater Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

About SkyWater Technology

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.