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.
Read Our Latest Stock Analysis on SkyWater Technology
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.
About SkyWater Technology
(
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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.
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