Signal price

Cowen Raises SkyWater Technology (NASDAQ:SKYT) Price Target to $20.00


SkyWater Technology (NASDAQ:SKYT – Get a review) had its price target raised by Cowen from $12.00 to $20.00 in a research note released Tuesday to investors, Stock Target Advisor reports. The company currently has an “outperform” rating on the stock. Cowen’s target price would suggest a potential upside of 5.10% from the company’s current price.

Several other stock analysts have also published reports on SKYT. Needham & Company LLC raised its target price on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler raised her target price on SkyWater Technology by $10.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday. Cowen raised his target price on SkyWater Technology from $12.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Craig Hallum began coverage of SkyWater Technology in a research report on Tuesday, April 26. They issued a “buy” rating and a price target of $10.00 on the stock. Five investment analysts rated the stock with a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $19.20.

SkyWater Technology Price Performance

SKYT opened at $19.03 on Tuesday. The stock’s 50-day moving average price is $10.43 and its 200-day moving average price is $9.18. SkyWater Technology has a 12-month low of $4.43 and a 12-month high of $36.80. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt ratio of 1.43. The company has a market capitalization of $767.10 million, a price-earnings ratio of -10.63 and a beta of 5.59.

Institutional investors weigh in on SkyWater technology

A number of hedge funds have been buying and selling shares of SKYT recently. American International Group Inc. increased its position in SkyWater Technology by 26.2% in the 2nd quarter. American International Group Inc. now owns 5,061 shares of the company valued at $30,000 after purchasing an additional 1,051 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SkyWater Technology by 50.9% during the second quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company worth $35,000 after acquiring 1,950 additional shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of SkyWater Technology during Q1 valued at approximately $43,000. Ronald Blue Trust Inc. acquired a new stake in shares of SkyWater Technology during Q2 worth approximately $67,000. Finally, Rhumbline Advisers acquired a new stake in shares of SkyWater Technology during Q2 worth approximately $89,000. Institutional investors and hedge funds own 17.24% of the company’s shares.

About SkyWater Technology

(Get a rating)

SkyWater Technology, Inc, together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development services to co-create technologies with customers; and semiconductor manufacturing services for various analog and mixed-signal, power discrete, microelectromechanical, and ultra-hard silicon-based integrated circuit systems.

See also

Stock Target Advisor Logo

Analyst Recommendations for SkyWater Technology (NASDAQ:SKYT)



Get news and reviews for SkyWater Technology Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for SkyWater Technology and related companies with MarketBeat.com’s free daily email newsletter.