5 Small Publicly Traded Semiconductor Companies

3. SkyWater Technology, Inc. (NASDAQ:SKYT)

Market capitalization as of March 3: $560.45 million
Number of hedge fund holders: 6

SkyWater Technology, Inc. (NASDAQ:SKYT) is a US-based semiconductor foundry specializing in developing and manufacturing custom integrated circuits (ICs) for a wide range of applications. Although facing downward pressure from the market since late 2021, SkyWater Technology, Inc. (NASDAQ:SKYT) stock has remained resilient. It has registered significant positive moves in recent months, up 12.69% in the past month, 11.89% in the past six months, and 71.16% year-to-date. The strong performance is primarily due to excellent financials; in the full year 2022, revenue grew 30.76% y-o-y, gross profit exploded 334.96%, and net profit gained 21.90%.

SkyWater Technology, Inc. (NASDAQ:SKYT)’s fundamentals are further boosted by its edge in customized manufacturing solutions, expertise in diverse industries, focus on innovation, and advanced technology offerings. Following SkyWater Technology, Inc. (NASDAQ:SKYT)’s Q4 earnings beat and positive Q1 outlook, Needham analyst Rajvindra Gill raised his price target on the shares from $20 to $25 and maintained a ‘Buy’ rating on February 14.

In the third quarter of 2022, 6 hedge funds had stakes worth $4.36 million in SkyWater Technology, Inc. (NASDAQ:SKYT). D E Shaw held 223,499 shares of SkyWater Technology, Inc. (NASDAQ:SKYT) shares, valued at $1.60 million, making it the most prominent stakeholder in the company.