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SkyWater Technology, Inc. (SKYT) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2025-02-12 23:50
Company Performance - SkyWater Technology, Inc. (SKYT) closed at $9.27, reflecting a -0.43% change from the previous trading day's closing, underperforming the S&P 500 which lost 0.27% [1] - Over the past month, shares of SkyWater Technology experienced a loss of 17.83%, significantly trailing the Computer and Technology sector's gain of 1.69% and the S&P 500's gain of 4.27% [2] Upcoming Financial Results - SkyWater Technology is set to announce its earnings on February 26, 2025, with projected earnings of -$0.07 per share, indicating a year-over-year decline of 250% [3] - The Zacks Consensus Estimate for revenue is projected at $74.1 million, down 6.38% from the same period last year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for SkyWater Technology are crucial as they reflect changing near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks SkyWater Technology at 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] Industry Context - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 152, placing it in the bottom 40% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
SkyWater Technology, Inc. (SKYT) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-02-06 23:50
Company Performance - SkyWater Technology, Inc. (SKYT) closed at $10.14, reflecting a -0.98% change from the previous day's closing price, underperforming the S&P 500's gain of 0.36% [1] - Over the past month, shares of SkyWater Technology have decreased by 17.29%, lagging behind the Computer and Technology sector's performance of 0% and the S&P 500's increase of 2.11% [1] Earnings Forecast - The upcoming earnings report for SkyWater Technology is anticipated to show an EPS of -$0.07, representing a 250% decline compared to the same quarter last year [2] - Revenue is projected to be $74.1 million, indicating a 6.38% decrease from the corresponding quarter of the previous year [2] Analyst Estimates - Recent changes in analyst estimates for SkyWater Technology reflect current business trends, with positive revisions indicating optimism regarding the company's profitability [3] - The Zacks Rank system, which evaluates these estimate changes, currently ranks SkyWater Technology at 3 (Hold) [5] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [6] - This industry holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries, suggesting a favorable position compared to lower-ranked industries [6]
SkyWater Technology, Inc. (SKYT) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-02-04 23:56
Company Performance - SkyWater Technology, Inc. (SKYT) closed at $9.97, reflecting a +1.74% change from the previous day's closing price, outperforming the S&P 500's 0.72% gain [1] - The stock has decreased by 37.54% over the past month, underperforming the Computer and Technology sector's loss of 1.35% and the S&P 500's gain of 1.02% [1] Earnings Forecast - The upcoming earnings disclosure is anticipated to show an EPS of -$0.07, representing a 250% decline compared to the same quarter last year [2] - Quarterly revenue is projected to be $74.1 million, down 6.38% from the previous year [2] Analyst Projections - Recent shifts in analyst projections for SkyWater Technology, Inc. should be monitored, as they reflect near-term business trends [3] - Positive estimate revisions indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have delivered an average annual return of +25% since 1988 [5] - SkyWater Technology, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] Industry Overview - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
SkyWater Technologies: This Semiconductor Player Remains A Great Buy Opportunity
Seeking Alpha· 2025-01-30 15:02
Group 1 - The semiconductor industry is becoming increasingly competitive, particularly due to the growing AI race [1] - Major players in the semiconductor market include Nvidia, TSMC, and Qualcomm, but there are also less-known companies like Navitas and Canadian Solar that are noteworthy [1] - The focus remains on companies with strong fundamentals and growth potential within the technology, infrastructure, and internet services sectors [1]
SkyWater Technology, Inc. (SKYT) Laps the Stock Market: Here's Why
ZACKS· 2025-01-21 23:56
Company Performance - SkyWater Technology, Inc. (SKYT) closed at $11.76, reflecting a +1.82% change from the previous day, outperforming the S&P 500's daily gain of 0.88% [1] - Over the past month, shares of SkyWater Technology have decreased by 11.7%, underperforming the Computer and Technology sector's gain of 0.37% and the S&P 500's gain of 1.17% [1] Earnings Forecast - The upcoming earnings report for SkyWater Technology is projected to show an earnings per share (EPS) of -$0.07, indicating a 250% decrease from the same quarter last year [2] - Revenue is estimated to be $74.1 million, reflecting a 6.38% decline compared to the corresponding quarter of the prior year [2] Analyst Estimates - Changes in analyst estimates for SkyWater Technology are crucial as they often reflect short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates these estimate changes, is used to gauge stock performance, with a current Zacks Rank of 3 (Hold) for SkyWater Technology [5] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector, holding a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
SkyWater Technology, Inc. (SKYT) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-01-14 23:56
Stock Performance - SkyWater Technology Inc closed at $11 33, marking a +0 18% move from the prior day, outperforming the S&P 500's daily gain of 0 12% [1] - Shares of the company have appreciated by 11 32% over the past month, outperforming the Computer and Technology sector's loss of 3 73% and the S&P 500's loss of 3 45% [1] Earnings and Revenue Projections - The company's earnings per share (EPS) are projected to be -$0 07, reflecting a 250% decrease from the same quarter last year [2] - The latest consensus estimate predicts revenue to be $74 1 million, indicating a 6 38% decrease compared to the same quarter of the previous year [2] Analyst Forecasts and Revisions - Investors should monitor recent revisions to analyst forecasts, as these modifications signify changing near-term business trends [3] - Positive alterations in estimates indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank and Industry Performance - SkyWater Technology Inc currently has a Zacks Rank of 3 (Hold) [5] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 92, placing it in the top 37% of all 250+ industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
SkyWater Rallies 51% in 6 Months: Time to Hold or Fold the Stock?
ZACKS· 2025-01-13 17:50
Core Viewpoint - SkyWater Technology (SKYT) has demonstrated significant stock performance, with a 50.9% increase over the past six months, outperforming both the Zacks Electronics - Semiconductors industry and the Zacks Computer & Technology sector [1] Group 1: Stock Performance - SKYT shares have gained 30.9% in the last six months, while competitors like Cirrus Logic (CRUS) have seen a decline of 27.7% [1] - The stock's performance has raised questions among investors regarding its future potential and whether to hold or sell [2] Group 2: Strategic Partnerships - SkyWater is enhancing its commercial wafer services business through long-term partnerships, which are crucial for growth in advanced computing and thermal imaging platforms [3] - A collaboration with Quantum-Si Incorporated (QSI) aims to develop the Proteus platform for advanced protein sequencing, combining biotechnology expertise with manufacturing capabilities [4][5] - The partnership with Multibeam Corp. introduces a new Multicolumn E-Beam Lithography (MEBL) system, providing innovative production capabilities for various applications [6][7] Group 3: Long-Term Prospects - SkyWater's focus on advanced packaging and specialty semiconductor solutions aligns with high-growth markets such as AI, automotive, and aerospace [8] - Expected tooling revenues of $40-$50 million in 2025 could enhance long-term performance, especially as the company transitions ATS customers into production [9] Group 4: Near-Term Challenges - SkyWater faces challenges, including a 9% sequential decline in ATS revenues due to funding delays in aerospace and defense programs [10] - Analysts project a revenue decline of 4.5% for 2025, with expected revenues of $325.6 million and a projected loss of 10 cents per share [10][11] - Macroeconomic uncertainties and increasing competition pose risks to short-term growth, and the company's valuation is currently stretched, indicated by a Zacks Value Style Score of D [11]
Is It Worth Investing in SkyWater Technology (SKYT) Based on Wall Street's Bullish Views?
ZACKS· 2025-01-13 15:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about SkyWater Technology, Inc. (SKYT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SkyWater Technol ...
Strength Seen in SkyWater Technology (SKYT): Can Its 8.3% Jump Turn into More Strength?
ZACKS· 2025-01-07 16:06
SkyWater Technology, Inc. (SKYT) shares ended the last trading session 8.3% higher at $15.69. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 55.5% gain over the past four weeks.SkyWater Technology  is benefiting from significant customer co-investment, record tools revenue, and growing commercial partnerships, leading to growth in its Aerospace and Defense Technologies and Wafer Services segments.This company is e ...
Is SkyWater Technology (SKYT) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-12-26 15:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about SkyWater Technology, Inc. (SKYT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SkyWater Technology curre ...