Needham reiterated coverage on SkyWater Technology with a new price target
$SKYT
Semiconductors
Technology
Needham reiterated coverage of SkyWater Technology with a rating of Buy and set a new price target of $15.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2025 | $15.00 → $12.00 | Buy | TD Cowen |
| 2/27/2024 | $12.00 → $15.00 | Outperform | TD Cowen |
| 2/27/2024 | $13.00 → $15.00 | Buy | Needham |
| 4/26/2022 | $10.00 | Buy | Craig Hallum |
| 2/24/2022 | $25.00 → $15.00 | Buy | Needham |
| 11/4/2021 | $32.00 → $25.00 | Buy | Needham |
| 8/5/2021 | $27.00 → $23.00 | Buy → Hold | Jefferies |
| 8/5/2021 | $40.00 → $32.00 | Buy | Needham |
SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2025 ended March 30, 2025. "We're pleased to report that our financial results for the first quarter reflect modest upside to our expectations entering the year," commented Thomas Sonderman, CEO. "A significant rebound in sequential growth for our Wafer Services business reflected strong traction with lead customers for our ThermaView℠ platform launched in January. In our Advanced Technology Services (ATS) business, the continued federal budget delays affecting overall Department of Defense (DOD) program funding are resulting in a near-term softening
Transaction strengthens U.S.-based production of essential chips for industrial, automotive and defense applications SkyWater plans to expand 200 mm capacity, technology offerings and capabilities while supporting U.S.-based dual-sourcing strategies in critical industries Long-term supply agreement ensures Infineon a continued high-volume manufacturing base in the U.S. SkyWater Technology (NASDAQ:SKYT) has entered into an agreement with Infineon Technologies AG (OTCQX:IFNNY) for SkyWater to purchase Infineon's 200 mm fab in Austin, Texas ("Fab 25") and a corresponding long-term supply agreement. SkyWater will operate the fab as a foundry, increasing available capacity in the U.S.
Record Fiscal Year Revenue, Gross Profit and EPS SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2024 ended December 29, 2024. Financial Highlights for Q4 2024: Revenue decreased (5)% year-over-year to $75.5 million. Gross margin increased to 25.6% on a GAAP basis, compared to 15.2% in Q4 2023, and increased to 26.6% on a non-GAAP basis, compared to 17.4% in Q4 2023. Net loss to shareholders of $0.7 million, or $(0.01) per diluted share on a GAAP basis, and net income to shareholders of $1.9 million, or $0.04 per diluted share on a non-GAAP basis, compared to net l
SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in three upcoming investor conferences taking place during the second quarter: B. Riley Securities 25th Annual Investor Conference May 22, 2025 at The Ritz-Carlton, Marina Del Rey, CA (1x1s only) Craig-Hallum 22nd Annual Institutional Investor Conference May 28, 2025 at the Depot Renaissance Minneapolis, MN (1x1s only) TD Cowen 53rd Annual Technology, Media & Telecom Conference May 29, 2025 at the InterContinental Barclay New York, NY (1x1s only) The presentation material utilized during these conferences will be made available on the company
SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2025 ended March 30, 2025. "We're pleased to report that our financial results for the first quarter reflect modest upside to our expectations entering the year," commented Thomas Sonderman, CEO. "A significant rebound in sequential growth for our Wafer Services business reflected strong traction with lead customers for our ThermaView℠ platform launched in January. In our Advanced Technology Services (ATS) business, the continued federal budget delays affecting overall Department of Defense (DOD) program funding are resulting in a near-term softening
Gilbert's extensive technical expertise, proven track record of accomplishments and dedication to R&D underscore his proficiency in advanced semiconductor technologies SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of Dr. Percy V. Gilbert as senior vice president of engineering. Gilbert will report directly to President and COO John Sakamoto and will be responsible for leading and expanding SkyWater's engineering organization, which is integral to the company's ongoing strategic growth in Advanced Technology Services (ATS), platform solutions and Wafer Services (WS). Gilbert will oversee key engineering functions during an ex
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3 - SkyWater Technology, Inc (0001819974) (Issuer)
3 - SkyWater Technology, Inc (0001819974) (Issuer)
3 - SkyWater Technology, Inc (0001819974) (Issuer)
Gilbert's extensive technical expertise, proven track record of accomplishments and dedication to R&D underscore his proficiency in advanced semiconductor technologies SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of Dr. Percy V. Gilbert as senior vice president of engineering. Gilbert will report directly to President and COO John Sakamoto and will be responsible for leading and expanding SkyWater's engineering organization, which is integral to the company's ongoing strategic growth in Advanced Technology Services (ATS), platform solutions and Wafer Services (WS). Gilbert will oversee key engineering functions during an ex
Seasoned financial and technology executives join board to support ongoing business momentum and help drive SkyWater's next phase of growth Gary Obermiller to retire as board chair; Timothy Baxter poised to become chair pending results of election at SkyWater's Annual Meeting SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of three accomplished professionals to its board of directors: Timothy E. Baxter, Tammy J. Miller and Andrew D.C. LaFrence, effective March 31, 2025. These distinguished leaders bring a wealth of knowledge and experience that will help shape the company's strategic direction and drive its continued growth. M
Haddad brings over 25 years of strategic leadership, business transformation, and industry and end market expertise SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of Bassel Haddad as senior vice president and general manager of advanced packaging. Reporting to President and COO John Sakamoto, Haddad will build and scale SkyWater's advanced packaging business serving both the defense and commercial market sectors. He will be responsible for all aspects of SkyWater's advanced packaging business including technology development, engineering, marketing and Florida fab operations. He will also focus on strengthening collaborations
TD Cowen reiterated coverage of SkyWater Technology with a rating of Buy and set a new price target of $12.00 from $15.00 previously
TD Cowen reiterated coverage of SkyWater Technology with a rating of Outperform and set a new price target of $15.00 from $12.00 previously
Needham reiterated coverage of SkyWater Technology with a rating of Buy and set a new price target of $15.00 from $13.00 previously
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