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NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Price, News & Analysis

$7.54
+0.19 (+2.59%)
(As of 07/26/2024 ET)
Today's Range
$7.34
$7.60
50-Day Range
$7.06
$8.51
52-Week Range
$4.73
$12.97
Volume
190,000 shs
Average Volume
417,809 shs
Market Capitalization
$357.02 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.25

SkyWater Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
75.7% Upside
$13.25 Price Target
Short Interest
Bearish
8.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of SkyWater Technology in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$114,534 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.50) to ($0.31) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.56 out of 5 stars

Computer And Technology Sector

375th out of 612 stocks

Semiconductors & Related Devices Industry

60th out of 89 stocks

SKYT stock logo

About SkyWater Technology Stock (NASDAQ:SKYT)

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. It serves customers operating in the computation, aerospace and defense, automotive, bio-health, consumer, and industrial sectors. The company was incorporated in 2016 and is headquartered in Bloomington, Minnesota.

SKYT Stock Price History

SKYT Stock News Headlines

SKYT Oct 2024 12.500 call
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
7 Innovative Tech Stocks to Buy Before It's Too Late
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:SKYT
Fax
N/A
Employees
590
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.25
High Stock Price Target
$15.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+75.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-30,760,000.00
Pretax Margin
-8.87%

Debt

Sales & Book Value

Annual Sales
$286.68 million
Cash Flow
$0.36 per share
Book Value
$1.29 per share

Miscellaneous

Free Float
27,203,000
Market Cap
$357.02 million
Optionable
Optionable
Beta
3.94
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Key Executives

  • Mr. Thomas J. SondermanMr. Thomas J. Sonderman (Age 60)
    CEO & Director
    Comp: $1.19M
  • Mr. John Sakamoto (Age 56)
    President & COO
    Comp: $580.07k
  • Mr. Steve MankoMr. Steve Manko (Age 43)
    Chief Financial Officer
    Comp: $587.19k
  • Mr. Christopher Hilberg (Age 49)
    Chief Legal Officer, General Counsel & Secretary
  • Ms. Laura Lorenz
    Senior Vice President of Human Resources
  • Dr. Brad Ferguson Ph.D. (Age 53)
    Senior Vice President of Special Programs & Chief Government Affairs Officer
    Comp: $298.16k
  • Mr. Ross Miller
    Senior VP of Commercial and A&D Business
  • Mr. Paul Sura
    Executive Vice President of Technology & Manufacturing Operations
  • Mr. Sudhakar Adivikolanu Ph.D.
    Senior Vice President of Supply Chain & Information Technology

SKYT Stock Analysis - Frequently Asked Questions

How have SKYT shares performed this year?

SkyWater Technology's stock was trading at $9.62 at the start of the year. Since then, SKYT stock has decreased by 21.6% and is now trading at $7.54.
View the best growth stocks for 2024 here
.

How were SkyWater Technology's earnings last quarter?

SkyWater Technology, Inc. (NASDAQ:SKYT) posted its quarterly earnings results on Wednesday, May, 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.03. The business earned $79.64 million during the quarter, compared to analysts' expectations of $80 million. SkyWater Technology had a negative net margin of 10.73% and a negative trailing twelve-month return on equity of 32.59%.

When did SkyWater Technology IPO?

SkyWater Technology (SKYT) raised $75 million in an initial public offering on Wednesday, April 21st 2021. The company issued 5,800,000 shares at a price of $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler served as the underwriters for the IPO.

Who are SkyWater Technology's major shareholders?

Top institutional shareholders of SkyWater Technology include Baillie Gifford & Co. (2.13%), Bank of New York Mellon Corp (0.17%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Loren A Unterseher, Developments LLC Ddk, Bart L Zibrowski, Bradley Ferguson, Thomas Sonderman, Steve Manko, Mark Litecky, Steve Kosier, John Spicer, Amanda Daniel, Nancy Fares, Christopher Hilberg and Cmi Oxbow Partners, Llc.
View institutional ownership trends
.

How do I buy shares of SkyWater Technology?

Shares of SKYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SKYT) was last updated on 7/26/2024 by MarketBeat.com Staff

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