TD Cowen reiterated coverage on SkyWater Technology with a new price target
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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
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 7/16/2021 | $40.00 | Buy | Needham |
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
Record Revenues with Increased Gross Margin and Earnings SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the third quarter 2024 ended September 29, 2024. Financial Highlights for Q3 2024: Revenue increased 31% year-over-year to a record $93.8 million. Gross margin increased to 21.6% on a GAAP basis, compared to 19.8% in Q3 2023, and increased to 22.3% on a non-GAAP basis, compared to 20.4% in Q3 2023. Net income to shareholders of $1.5 million, or $0.03 per diluted share on a GAAP basis, and net income to shareholders of $3.6 million, or $0.08 per diluted share on a non-GAAP basis, compared to net loss to sha
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
Craig Hallum initiated coverage of SkyWater Technology with a rating of Buy and set a new price target of $10.00
SkyWater Technology, Inc. (NASDAQ:SKYT, or "SkyWater")), a U.S.-based Trusted technology realization partner, and D-Wave Quantum, Inc. (NYSE:QBTS, or "D-Wave")), a leader in quantum computing systems, software and services, today announced that D-Wave's Advantage2™ annealing quantum computer prototype, fabricated by SkyWater, was used to achieve computational supremacy in quantum simulation. The landmark research was published today by the American Association for the Advancement of Science (AAAS), in its journal, Science, one of the world's most respected scientific journals, known for publishing high-impact research that advances global scientific and technological progress. The article d
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
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SC 13G/A - SkyWater Technology, Inc (0001819974) (Subject)
4 - SkyWater Technology, Inc (0001819974) (Issuer)
4 - SkyWater Technology, Inc (0001819974) (Issuer)
4 - SkyWater Technology, Inc (0001819974) (Issuer)
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
New board members bring decades of finance and legal expertise to bolster SkyWater's strategic growth initiatives SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of directors: Dennis Goetz and Joseph Humke, effective April 1, 2024. Both individuals bring valuable expertise and experience that will significantly contribute to the strategic direction and growth trajectory of the company. Mr. Goetz will serve on the Board's Audit Committee and Mr. Humke will serve on the Nominating and Corporate Governance Committee. Mr. Goetz joins the Board with extensive finance experience as a
Company prepares for strategic growth in the face of unprecedented opportunities for the U.S. semiconductor industry SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, announced that John Sakamoto will be joining the company as president and chief operating officer, effective September 25, 2023. In his new role, Sakamoto will be responsible for all day-to-day business and manufacturing operations, driving consistent profitability, implementing growth strategies, and ensuring smooth and efficient operations across the enterprise. During the business transformation initiative currently underway, which SkyWater launched with third party consultants earlier this
8-K - SkyWater Technology, Inc (0001819974) (Filer)
8-K - SkyWater Technology, Inc (0001819974) (Filer)
8-K - SkyWater Technology, Inc (0001819974) (Filer)