SkyWater Technology, Inc. (SKYT) closed at $11 in the latest trading session, marking a -0.45% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Shares of the company witnessed a gain of 21.7% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.87% and the S&P 500's gain of 1.67%. The investment commun ...

SkyWater Technology (SKYT) shares have appreciated 21.7% in the past month, outperforming the broader Zacks Computer & Technology sector's return of 2.6%. SKYT shares have also outperformed the Zacks Electronics Semiconductors industry and its peers, including FormFactor (FORM) , Impinj (PI) and Broadcom (AVGO) . AVGO, FORM and PI shares have declined 0.3%, 4.2% and 5%, respectively, while the industry has declined 0.1% over the same timeframe. SkyWater is benefiting from strong demand for its solutions in ...

SkyWater Technology, Inc. (SKYT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +8%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Electronics - Semiconductors industry, which SkyWater Technology falls in, has gained 7.5%. The key question now is: What could be the stock's future directi ...

SkyWater Technology, Inc. (SKYT) closed at $9.74 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 1.01%. Coming into today, shares of the company had gained 6.93% in the past month. In that same time, the Computer and Technology sector gained 5.51%, while the S&P 500 gained 4.31%. The investment community will be paying close atte ...

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 Techn ...

1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Shares of SkyWater Technology, Inc. (SKYT) have shot up considerably in response to the second quarter results. This followed a first quarter in which green shoots as well as continued disappointments were seen. The company was starting to focus on becoming a lower-capital intensive business model. It was on the verge of becoming profitable, seeing real green shoots, although I was quick to acknowledge that investors in SkyWater have seen disappo ...

SkyWater Technology, Inc. (NASDAQ:SKYT) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO Steve Manko - CFO Conference Call Participants Harsh Kumar - Piper Sandler Shadi Mitwalli - Needham and Company Richard Shannon - Craig Hallum Ezra Weener - Jefferies Operator Good afternoon. My names is Rodger, and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWater Technology Q2 2024 Financial ...

Table of Contents ______________________ ______________________ Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share SKYT The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 ¨ TRANSITION REPORT PURSUANT TO SE ...

Exhibit 99.1 SkyWater Technology Reports Second Quarter 2024 Results Eighth Straight Quarter of Record Revenue and 34% Growth Year-Over-Year BLOOMINGTON, Minn., – August 7, 2024 – SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter 2024 ended June 30, 2024. Financial Highlights for Q2 2024: • Revenue increased 34% year-over-year to a record $93.3 million. • Gross margin decreased to 18.3% on a GAAP basis, compared to ...

This small manufacturer was always expected to have some growing pains, and the stock market didn't get the memo. Shares of small U.S.-based chip manufacturing start-up SkyWater Technologies (SKYT -1.70%) initially tanked over 30% following its Q1 2024 earnings update. Shares have rebounded a bit since then but are still down nearly 30% pre-earnings and down nearly 20% so far in 2024. It seems that stock market movers and shakers were surprised by a temporary dip in SkyWater's trajectory toward reaching pro ...