SkyWater TechnologySKYT
SKYT
About: SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology, engineering to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace and defense (A&D), automotive and transportation, bio-health, and industrial.
Employees: 731
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
183% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 12
64% more call options, than puts
Call options by funds: $3.13M | Put options by funds: $1.9M
33% more capital invested
Capital invested by funds: $86.1M [Q2] → $114M (+$28.2M) [Q3]
21% more funds holding
Funds holding: 103 [Q2] → 125 (+22) [Q3]
2.75% more ownership
Funds ownership: 23.77% [Q2] → 26.52% (+2.75%) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12
13%
downside
Avg. target
$12
13%
downside
High target
$12
13%
downside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Needham Quinn Bolton 50% 1-year accuracy 66 / 131 met price target | 13%downside $12 | Buy Reiterated | 11 Nov 2024 |
Piper Sandler Harsh Kumar 54% 1-year accuracy 20 / 37 met price target | 13%downside $12 | Overweight Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 5 articles about SKYT published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Investors Heavily Search SkyWater Technology, Inc. (SKYT): Here is What You Need to Know
SkyWater Technology (SKYT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Neutral
Zacks Investment Research
1 week ago
Brokers Suggest Investing in SkyWater Technology (SKYT): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Neutral
Business Wire
2 weeks ago
SkyWater Announces Proposed CHIPS Funding to Enhance Domestic Semiconductor Production and Capabilities
BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that it has signed a preliminary memorandum of terms (PMT) valued at up to $16 million with the CHIPS for America program, which is administered by the U.S. Department of Commerce. This proposed funding would provide federal incentives to enhance production capabilities at SkyWater's Minnesota facility. This funding through the CHIPS Act will accelerate modernization an.
Positive
Zacks Investment Research
3 weeks ago
SkyWater Technology, Inc. (SKYT) is Attracting Investor Attention: Here is What You Should Know
SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Neutral
Business Wire
3 weeks ago
SkyWater Technology Enhances Financial Flexibility with Amended Loan and Security Agreement
BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the execution of an amendment to its Loan and Security Agreement with Siena Lending Group LLC and GRC SPV Investments, LLC. The amended agreement extends the revolving loan commitment's maturity date and increases the Company's borrowing capacity. As amended, the revolving loan commitment has been extended to December 31, 2028, and the capacity has been increased.
Neutral
Business Wire
1 month ago
Quantum-Si Expands Collaboration with SkyWater to Develop New Chip Production Process Critical for Groundbreaking New Proteomics Platform
BRANFORD, Conn. & BLOOMINGTON, Minn.--(BUSINESS WIRE)--Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™ and SkyWaterTechnology (NASDAQ: SKYT), the trusted technology realization partner, announced today they will jointly expand their relationship to support development of Proteus™, Quantum-Si's next-generation platform designed to transform proteomic research. The expanded collaboration will develop the consumable for Proteus that wil.
Neutral
Business Wire
1 month ago
SkyWater Announces Participation in 13th Annual NYC Summit
BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will be joining 17 other companies in collectively hosting the 13th Annual NYC Summit investor conference, being held Tuesday, December 17, 2024, at Mastro's Steakhouse New York. The investor presentation material utilized during the NYC Summit will be made available on the company's investor relations website at ir.skywatertechnology.com. About the 13th A.
Negative
Seeking Alpha
1 month ago
SkyWater Technology: Cautious As Performance Remains Inconsistent
SkyWater Technology, Inc. shows impressive topline growth, but growth remains inconsistent, and real profitability is still elusive. The company's valuation is modest, trading at just over 1 times sales, but inconsistent performance and lack of sustained profitability are worrisome. I remain cautiously interested, acknowledging sales progress but wary of inconsistent results and the company's inability to maintain profitability.
Positive
Zacks Investment Research
1 month ago
SkyWater Technology, Inc. (SKYT) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to SkyWater Technology (SKYT). This makes it worthwhile to examine what the stock has in store.
Neutral
Seeking Alpha
1 month ago
SkyWater Technology, Inc. (SKYT) Q3 2024 Earnings Call Transcript
SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Sonderman - President & CEO Steve Manko - CFO Claire McAdams - IR Conference Call Participants Krish Sankar - TD Cowen Nick Doyle - Needham & Company Richard Shannon - Craig-Hallum Capital Robert Aguanno - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
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