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BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
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NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Forecast, Price & News

$10.25
-0.07 (-0.68%)
(As of 05/31/2023 ET)
Compare
Today's Range
$10.03
$10.46
50-Day Range
$8.68
$11.39
52-Week Range
$5.74
$20.95
Volume
177,645 shs
Average Volume
294,592 shs
Market Capitalization
$440.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.40

SkyWater Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
89.3% Upside
$19.40 Price Target
Short Interest
Bearish
7.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$13.95 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.54) to ($0.07) Per Share

Overall MarketRank

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

2.01 out of 5 stars

Computer And Technology Sector

411th out of 621 stocks

Semiconductors & Related Devices Industry

61st out of 89 stocks


SKYT stock logo

About SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology, Inc., together with its subsidiaries, provides 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, microelectromechanical 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.

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SKYT Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Q1 2023 Skywater Technology Inc Earnings Call
See More Headlines
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SKYT Company Calendar

Last Earnings
5/08/2023
Today
5/31/2023
Next Earnings (Estimated)
8/21/2023
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
590
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.40
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+91.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-39,590,000.00
Pretax Margin
-10.26%

Debt

Sales & Book Value

Annual Sales
$212.94 million
Book Value
$1.34 per share

Miscellaneous

Free Float
21,357,000
Market Cap
$435.26 million
Optionable
Not Optionable
Beta
4.53

Key Executives

  • Mr. Thomas J. SondermanMr. Thomas J. Sonderman (Age 58)
    Pres, CEO & Director
    Comp: $818.73k
  • Mr. Steve  MankoMr. Steve Manko (Age 41)
    Chief Financial Officer
    Comp: $614.21k
  • Mr. John L. Spicer
    Exec. VP of Operations
  • Dr. Steven Kosier Ph.D.
    Chief Technology Officer
  • Mr. Jason Stokes
    Chief Legal Officer & Gen. Counsel
  • Mr. Kevin Jackson
    Sr. VP of Corp. Devel.
  • Ms. Amanda R. Daniel
    Chief HR Officer
  • Mr. John Kent
    Exec. VP of Technology Devel. & Design Enablement
  • Mr. Mark Litecky
    Chief Revenue Officer
  • Dr. Brad Ferguson Ph.D.
    Chief Gov. Affairs Officer and Sr. VP & GM of SkyWater Florida













SKYT Stock - Frequently Asked Questions

Should I buy or sell SkyWater Technology stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last twelve months. There are currently 4 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 forecast for 2023?

4 analysts have issued 1-year price targets for SkyWater Technology's stock. Their SKYT share price forecasts range from $14.00 to $25.00. On average, they predict the company's stock price to reach $19.40 in the next twelve months. This suggests a possible upside of 91.7% 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 shares have increased by 42.3% and is now trading at $10.12.
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, August 21st 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, May, 8th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. The business earned $66.09 million during the quarter, compared to analysts' expectations of $60.80 million. SkyWater Technology had a negative trailing twelve-month return on equity of 58.38% and a negative net margin of 11.80%.

What ETFs hold SkyWater Technology's stock?

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

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.

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 many different institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (1.90%), BlackRock Inc. (1.60%), Emerald Mutual Fund Advisers Trust (1.47%), Two Sigma Investments LP (0.61%), Geode Capital Management LLC (0.47%) and Essex Investment Management Co. LLC (0.42%). Insiders that own company stock include Amanda Daniel, Bart L Zibrowski, Bradley Ferguson, Cmi Oxbow Partners, Llc, Developments LLC Ddk, John Spicer, 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 $10.12.

How much money does SkyWater Technology make?

SkyWater Technology (NASDAQ:SKYT) has a market capitalization of $435.26 million and generates $212.94 million in revenue each year. The company earns $-39,590,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

How many employees does SkyWater Technology have?

The company employs 590 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 5/31/2023 by MarketBeat.com Staff

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