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SkyWater Technology, Inc: what insiders have been doing
SkyWater Technology, Inc belongs to the Industry sector. Filings by its managers are published through SEC (Form 4). 12 insiders have disclosed 64 filings since 18 October 2025.
No insider bought on the market over the period, while 3 insiders filed 8 sales totalling €7.4M. At €2.2M, the sale published on 16 April 2026 by Manko Steve is the largest of the period (0.15% of market cap).
With 64 filings in twelve months, the company is more active than the median of 19 filings across the 5,811 companies we follow on the same exchange. Over the whole record (from 2021), the tally stands at no purchases and 130 sales. The 10-K for the year ended 28 December 2025 shows 442.1 m USD of revenue and 118.9 m USD of net income.
Filings reach the SEC (Form 4) feed a median of 2 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
In the same sector, recent insider purchases at Tennant Co and Butler National Corp also feature in our signals. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
297
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€87M
130 ops. · all time
Who traded when
BuySaleLoren A. Unterseher26 sales
Thomas Sonderman5 sales
Steve Manko3 sales
Gregory B. Graves1 sale
John Sakamoto1 sale
Analyst consensus: bullish or bearish?
Analysts rate SkyWater Technology, Inc Hold (neutral), based on 1 analysts. Average price target: US$35.00.
Fundamental score
Ranked 8,783 of 24,148 companies
58.3
score / 100
Value49
Quality68
FCF yld-3.5%
Earn yld7.4%
EV/EBITDA12.8x
ROE103%
Gross mgn20%
Net mgn27%
Debt/EBITDA1.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$32.46
Analyst consensus
1 analystsHold
US$35.00Target US$35.00(+8%)US$35.00
Income statement
RevenueUS$442.1M
Gross profitUS$86.9M20% margin
EBITDAUS$144.8M33% margin
Net incomeUS$118.9M18.4% margin
Valuation
PER (trailing)13.9x
P/Book8.8x
Balance sheet & cash
Market capUS$1.6B
Total debtUS$250.3M
Free Cash Flow-US$56.2M
Debt / Equity136%
Profitability & ownership
ROE102.8%
ROA0.3%
% insiders25.6%
% institutions61.2%
Last declaration on 31 July 2026
Declarations297 total
11,428 sharesCommon StockSEC:0001914275-26-000008:0
687,812 sharesCommon StockSEC:0001741560-26-000008:13
34,879 sharesCommon StockSEC:0001996312-26-000012:0
43,501 sharesCommon StockSEC:0001910402-26-000004:0
23,713 sharesCommon StockSEC:0001353135-26-000005:0
4,304 sharesCommon StockSEC:0001850633-26-000004:1
448,196 sharesCommon StockSEC:0001611597-26-000009:0
5,738 sharesCommon StockSEC:0001914275-26-000008:1
4,304 sharesCommon StockSEC:0001996312-26-000012:1
4,304 sharesCommon StockSEC:0001910402-26-000004:1
30,140 sharesCommon StockSEC:0001964417-26-000011:0
105,048 sharesCommon StockSEC:0001611597-26-000009:1
53,399 sharesCommon StockSEC:0001994955-26-000007:0
87,996 sharesCommon StockSEC:0001994955-26-000007:1
160,321 shares0Common StockSEC:0001741560-26-000008:0
160,321 shares0Common StockSEC:0001741560-26-000008:1
1,069,543 sharesCommon StockSEC:0001741560-26-000008:2
812,139 sharesCommon StockSEC:0001741560-26-000008:3
23,713 sharesCommon StockSEC:0001741560-26-000008:4
3 sharesCommon StockSEC:0001741560-26-000008:5
4,487,394 sharesCommon StockSEC:0001741560-26-000008:6
4,304 sharesCommon StockSEC:0001741560-26-000008:7
531,283 sharesCommon StockSEC:0001741560-26-000008:8
2 sharesCommon StockSEC:0001741560-26-000008:9
687,811 sharesCommon StockSEC:0001741560-26-000008:10
25 of 297 declarations
About SkyWater Technology, Inc
SkyWater Technology, Inc. is a U.S.-based semiconductor foundry and specialty manufacturing company listed on the NASDAQ under the ticker SKYT. Headquartered in Bloomington, Minnesota, United States, the company was formed in 2017 around the acquisition of a 200 mm manufacturing site previously operated by Cypress Semiconductor. That origin gave SkyWater an immediately operational domestic manufacturing footprint and shaped its long-term positioning as a strategically important U.S. industrial asset rather than a conventional high-volume commodity foundry. ([skywatertechnology.com](https://www.skywatertechnology.com/skywater-technology-foundry-acquires-twin-cities-semiconductor-manufacturing-facility-from-cypress-semiconductor-corporation/?utm_source=openai))
SkyWater’s business model is centered on “Technology as a Service” (TaaS), which combines technology development, process maturation, wafer manufacturing, and heterogeneous integration services. This model is designed for customers whose competitive edge depends on process know-how, secure intellectual property handling, and close engineering collaboration. The company serves a broad set of end markets, including aerospace and defense, automotive, healthcare, industrial, and emerging deep-tech domains such as quantum computing, photonics, MEMS, superconducting ICs, and rad-hard electronics. In practice, SkyWater is both a manufacturing partner and a technology realization platform, helping customers move concepts from early development into production. ([skywatertechnology.com](https://www.skywatertechnology.com/who-we-are/?utm_source=openai))
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From a competitive standpoint, SkyWater occupies a niche but strategically relevant position. It is not competing head-on with the largest global pure-play foundries on scale; instead, it focuses on U.S.-based, trusted, and secure manufacturing capabilities for applications where supply-chain resilience, domestic production, and IP protection matter. Its DMEA Category 1A Trusted Foundry accreditation and additional certifications in aerospace, medical, automotive, and quality management strengthen its appeal to defense customers and regulated industries. The company also highlights a multi-site U.S. footprint, with facilities in Minnesota, Florida, and Texas, reinforcing its domestic supply-chain narrative. ([skywatertechnology.com](https://www.skywatertechnology.com/who-we-are/?utm_source=openai))
Recent developments are material for equity investors. In June 2025, SkyWater completed the acquisition of Fab 25 in Austin, Texas, a move that expanded its U.S. pure-play foundry capacity. In July 2025, it announced an IP license agreement with Infineon to broaden its mixed-signal ASIC offering on the S130 platform. In the second half of 2025, management emphasized strong momentum in quantum-related revenues and new customer wins, underscoring the company’s exposure to early-stage but potentially high-value markets. Most notably, in January 2026 IonQ announced a definitive agreement to acquire SkyWater in a cash-and-stock transaction at $35.00 per share, subject to shareholder and regulatory approvals. For English-speaking investors, SkyWater stands out as a U.S. industrial technology platform leveraged to themes such as reshoring, national security, and quantum-enabled computing. ([skywatertechnology.com](https://www.skywatertechnology.com/skywater-completes-acquisition-of-fab-25/?utm_source=openai))
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