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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
Would Buffett Approve of This Growth Strategy? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Global shares mostly fall over China worries
Would Buffett Approve of This Growth Strategy? (Ad)
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
Would Buffett Approve of This Growth Strategy? (Ad)
3 Mid-Cap Momentum Plays to Ride Into Q4
I Flew Business Class on 6 Airlines This Year and There Was a Huge Difference Between the Best and the Worst
NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Forecast, Price & News

$5.59
+0.27 (+5.08%)
(As of 09/27/2023 ET)
Compare
Today's Range
$5.40
$5.70
50-Day Range
$5.32
$10.72
52-Week Range
$5.30
$15.99
Volume
251,493 shs
Average Volume
272,773 shs
Market Capitalization
$258.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.50

SkyWater Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
248.8% Upside
$19.50 Price Target
Short Interest
Healthy
7.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of SkyWater Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.33 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.60) to ($0.14) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Computer And Technology Sector

313th out of 605 stocks

Semiconductors & Related Devices Industry

48th out of 87 stocks


SKYT stock logo

About SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development and manufacturing services. 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, power discrete, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive and transportation, bio-health, consumer, and industrial/internet of things industries. The company was incorporated in 2017 and is headquartered in Bloomington, Minnesota.

SKYT Price History

SKYT Stock News Headlines

SkyWater Technology (NASDAQ:SKYT) Trading 2.7% Higher
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Q2 2023 Skywater Technology Inc Earnings Call
What Wall Street expects from SkyWater Technology's earnings
SkyWater Technology: Expecting A Q2 Results Beat
SKYT - SkyWater Technology, Inc.
See More Headlines
Receive SKYT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SkyWater Technology and its competitors with MarketBeat's FREE daily newsletter.

SKYT Company Calendar

Last Earnings
8/07/2023
Today
9/28/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SKYT
Fax
N/A
Employees
706
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.50
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+248.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-39,590,000.00
Pretax Margin
-7.13%

Debt

Sales & Book Value

Annual Sales
$212.94 million
Book Value
$1.30 per share

Miscellaneous

Free Float
22,985,000
Market Cap
$258.71 million
Optionable
Not Optionable
Beta
4.23
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Key Executives

  • Mr. Thomas J. SondermanMr. Thomas J. Sonderman (Age 59)
    Pres, CEO & Director
    Comp: $504.42k
  • Mr. Steve MankoMr. Steve Manko (Age 42)
    Chief Financial Officer
    Comp: $324.85k
  • Dr. Brad Ferguson Ph.D. (Age 52)
    Sr. VP of Special Programs & Chief Gov. Affairs Officer
    Comp: $298.16k
  • Dr. Steven Kosier Ph.D. (Age 56)
    Chief Technology Officer
  • Mr. Christopher Hilberg (Age 48)
    Chief Legal Officer, Gen. Counsel & Sec.
  • Ms. Amanda R. Daniel (Age 44)
    Chief People Officer
  • Mr. Mark Litecky (Age 57)
    Chief Revenue Officer
  • Mr. Ross Miller
    Sr. VP of Commercial and A&D Bus.
  • Mr. Paul Sura
    Exec. VP of Technology & Manufacturing Operations













SKYT Stock - Frequently Asked Questions

Should I buy or sell SkyWater Technology stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKYT shares.
View SKYT analyst ratings
or view top-rated stocks.

What is SkyWater Technology's stock price forecast for 2023?

1 analysts have issued twelve-month target prices for SkyWater Technology's stock. Their SKYT share price forecasts range from $14.00 to $25.00. On average, they anticipate the company's share price to reach $19.50 in the next twelve months. This suggests a possible upside of 248.8% from the stock's current price.
View analysts price targets for SKYT
or view top-rated stocks among Wall Street analysts.

How have SKYT shares performed in 2023?

SkyWater Technology's stock was trading at $7.11 at the beginning of the year. Since then, SKYT stock has decreased by 21.4% and is now trading at $5.59.
View the best growth stocks for 2023 here
.

When is SkyWater Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our SKYT earnings forecast
.

How were SkyWater Technology's earnings last quarter?

SkyWater Technology, Inc. (NASDAQ:SKYT) released its quarterly earnings results on Monday, August, 7th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.05. The business earned $69.81 million during the quarter, compared to analysts' expectations of $64.30 million. SkyWater Technology had a negative trailing twelve-month return on equity of 42.92% and a negative net margin of 9.02%.

What ETFs hold SkyWater Technology's stock?

ETFs with the largest weight of SkyWater Technology (NASDAQ:SKYT) stock in their portfolio include ProShares Nanotechnology ETF (TINY).ProShares Smart Materials ETF (TINT).

When did SkyWater Technology IPO?

(SKYT) raised $75 million in an initial public offering (IPO) 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.

What is SkyWater Technology's stock symbol?

SkyWater Technology trades on the NASDAQ under the ticker symbol "SKYT."

Who are SkyWater Technology's major shareholders?

SkyWater Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.26%), Driehaus Capital Management LLC (1.80%), Geode Capital Management LLC (0.65%), State Street Corp (0.52%), Kennedy Capital Management LLC (0.51%) and Bank of New York Mellon Corp (0.40%). Insiders that own company stock include Amanda Daniel, Bart L Zibrowski, Bradley Ferguson, Cmi Oxbow Partners, Llc, Developments LLC Ddk, Gregory B Graves, John Spicer, John T Kurtzweil, Loren A Unterseher, Mark Litecky, Steve Kosier, Steve Manko and Thomas Sonderman.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SkyWater Technology's stock price today?

One share of SKYT stock can currently be purchased for approximately $5.59.

How much money does SkyWater Technology make?

SkyWater Technology (NASDAQ:SKYT) has a market capitalization of $258.71 million and generates $212.94 million in revenue each year. The company earns $-39,590,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis.

How many employees does SkyWater Technology have?

The company employs 706 workers across the globe.

How can I contact SkyWater Technology?

SkyWater Technology's mailing address is 2401 EAST 86TH STREET, BLOOMINGTON MN, 55425. The official website for the company is www.skywatertechnology.com. The company can be reached via phone at 952-851-5200 or via email at investor@skywatertechnology.com.

This page (NASDAQ:SKYT) was last updated on 9/28/2023 by MarketBeat.com Staff

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