SkyWater Technology (NASDAQ:SKYT) Announces Quarterly Earnings Results

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

SkyWater Technology Stock Down 10.6 %

Shares of NASDAQ:SKYT traded down $0.99 during trading on Monday, hitting $8.34. The company's stock had a trading volume of 785,490 shares, compared to its average volume of 715,927. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. SkyWater Technology has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The stock's 50-day moving average price is $11.32 and its two-hundred day moving average price is $10.06. The company has a market capitalization of $397.45 million, a PE ratio of -23.83 and a beta of 3.36.

Insider Buying and Selling

In related news, Director Loren A. Unterseher sold 7,761 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total value of $71,944.47. Following the transaction, the director now owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.55% of the company's stock.

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Analyst Upgrades and Downgrades

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

SkyWater Technology Company Profile

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.