SkyWater Technology (NASDAQ:SKYT) Releases Earnings Results, Beats Estimates By $0.10 EPS

SkyWater Technology (NASDAQ:SKYT - Get Free Report) issued its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10, reports. The firm had revenue of $75.49 million for the quarter, compared to analysts' expectations of $74.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. SkyWater Technology updated its Q1 2025 guidance to -0.160--0.100 EPS.

SkyWater Technology Stock Down 10.6 %

NASDAQ:SKYT traded down $0.99 during mid-day trading on Monday, hitting $8.34. The stock had a trading volume of 785,490 shares, compared to its average volume of 715,927. The company has a market capitalization of $397.45 million, a PE ratio of -23.83 and a beta of 3.36. SkyWater Technology has a twelve month low of $5.63 and a twelve month high of $19.00. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $10.07.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $12.00 target price on shares of SkyWater Technology in a report on Thursday.

Insider Buying and Selling at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $9.27, for a total value of $71,944.47. Following the transaction, the director now directly owns 12,806,264 shares in the company, valued at $118,714,067.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.55% of the stock is currently owned by insiders.

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About SkyWater Technology

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.