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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
New CBOE “special perk” helps traders target income every weekend (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Grab Starbucks on the dip before coffee futures fall
GM rally picks up steam after landing full bull rating
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
New CBOE “special perk” helps traders target income every weekend (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Grab Starbucks on the dip before coffee futures fall
GM rally picks up steam after landing full bull rating
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
New CBOE “special perk” helps traders target income every weekend (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Grab Starbucks on the dip before coffee futures fall
GM rally picks up steam after landing full bull rating

SkyWater Technology Stock Price, News & Analysis (NASDAQ:SKYT)

$7.53
+0.04 (+0.53%)
(As of 08:48 AM ET)
Compare
Today's Range
$7.53
$7.53
50-Day Range
$4.90
$7.50
52-Week Range
$4.73
$15.99
Volume
804 shs
Average Volume
295,763 shs
Market Capitalization
$354.10 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.00

SkyWater Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
46.9% Upside
$11.00 Price Target
Short Interest
Bearish
10.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.46) to ($0.17) Per Share

Overall MarketRank

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

1.73 out of 5 stars

Computer And Technology Sector

443rd out of 592 stocks

Semiconductors & Related Devices Industry

63rd out of 79 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 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 Stock Price History

SKYT Stock News Headlines

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Q3 2023 Skywater Technology Inc Earnings Call
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SkyWater Technology Reports Third Quarter 2023 Results
3 ‘Picks and Shovels’ Stocks to Play the AI Boom
Q2 2023 Skywater Technology Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/12/2024

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 Target
$11.00
High Stock Price Target
$13.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+46.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-39,590,000.00
Pretax Margin
-6.73%

Debt

Sales & Book Value

Annual Sales
$272.62 million
Book Value
$1.30 per share

Miscellaneous

Free Float
23,353,000
Market Cap
$352.22 million
Optionable
Not Optionable
Beta
4.24
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Key Executives

  • Mr. Thomas J. SondermanMr. Thomas J. Sonderman (Age 59)
    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)
    Senior Vice President of Special Programs & Chief Government Affairs Officer
    Comp: $298.16k
  • Mr. John Sakamoto (Age 55)
    President & COO
  • Dr. Steven Kosier Ph.D. (Age 56)
    Chief Technology Officer
  • Mr. Christopher Hilberg (Age 48)
    Chief Legal Officer, General Counsel & Secretary
  • Ms. Amanda R. Daniel (Age 44)
    Chief People Officer
  • Mr. Mark Litecky (Age 57)
    Chief Revenue Officer
  • Mr. Ross Miller
    Senior VP of Commercial and A&D Business
  • Mr. Paul Sura
    Executive Vice President of Technology & Manufacturing Operations














SKYT Stock Analysis - Frequently Asked Questions

Should I buy or sell SkyWater Technology stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last year. There are currently 2 buy ratings 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 target for 2024?

2 Wall Street research analysts have issued 12-month target prices for SkyWater Technology's shares. Their SKYT share price targets range from $9.00 to $13.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 46.9% 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 on January 1st, 2023. Since then, SKYT stock has increased by 5.3% and is now trading at $7.49.
View the best growth stocks for 2023 here
.

Are investors shorting SkyWater Technology?

SkyWater Technology saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,630,000 shares, an increase of 17.3% from the October 31st total of 1,390,000 shares. Based on an average daily trading volume, of 238,800 shares, the short-interest ratio is currently 6.8 days. Approximately 11.0% of the shares of the company are short sold.
View SkyWater Technology's Short Interest
.

When is SkyWater Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our SKYT earnings forecast
.

How were SkyWater Technology's earnings last quarter?

SkyWater Technology, Inc. (NASDAQ:SKYT) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.08. The business earned $71.62 million during the quarter, compared to analysts' expectations of $67.25 million. SkyWater Technology had a negative trailing twelve-month return on equity of 32.71% and a negative net margin of 8.61%.

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 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.

Who are SkyWater Technology's major shareholders?

SkyWater Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Emerald Advisers LLC (2.44%), Emerald Mutual Fund Advisers Trust (1.88%), Bank of New York Mellon Corp (0.37%), Northern Trust Corp (0.33%), Charles Schwab Investment Management Inc. (0.29%) and AQR Capital Management LLC (0.19%). 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.

This page (NASDAQ:SKYT) was last updated on 12/6/2023 by MarketBeat.com Staff

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