#5 - SkyWater Technology (NASDAQ:SKYT)
The Chips Act passed by the U.S. Congress in 2022 emphasizes U.S. chip production. That means onshoring will be one of the most investable themes of the next decade. And as “the only US-owned pure-play silicon foundry,” SkyWater Technology, Inc. (NASDAQ: SKYT) is already standing out for investors.
SkyWater Technology has pioneered the concept of Technology-as-a-Service (TaaS). The company positions itself as a new type of foundry service to enable the architecture required for disruptive ideas such as artificial intelligence (AI), quantum computing, the Internet of Things (IoT), and health diagnostics.
Topline revenue is growing on a sequential and year-over-year basis. However, the company is not yet profitable and is not expected to be in the next year. Investors should also be aware that the fortunes of SKYT stock will track with the broader chip sector. But in 2023, that’s bullish for the stock, which is up over 20% this year, and the SkyWater Technology analysts ratings on MarketBeat give the stock a Buy rating with a 122% upside.
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.
Read More - Current Price
- $8.43
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.75 (51.2% Upside)
