SkyWater Technology (NASDAQ:SKYT) Director Sells $46,773.44 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 4,396 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $10.64, for a total transaction of $46,773.44. Following the sale, the director directly owned 7,589,631 shares of the company’s stock, valued at approximately $80,753,673.84. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SkyWater Technology Trading Up 3.6%

Shares of SKYT opened at $10.56 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 0.97. SkyWater Technology, Inc. has a 1 year low of $5.67 and a 1 year high of $19.00. The company has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $9.09. The firm has a market cap of $508.78 million, a P/E ratio of -31.06 and a beta of 3.41.

Wall Street Analysts Forecast Growth

SKYT has been the subject of a number of research reports. Needham & Company LLC increased their target price on SkyWater Technology from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded SkyWater Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.00.

Institutional Trading of SkyWater Technology

A number of institutional investors have recently bought and sold shares of SKYT. Federated Hermes Inc. bought a new stake in SkyWater Technology in the second quarter worth $25,000. BNP Paribas Financial Markets lifted its position in SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after buying an additional 991 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in SkyWater Technology in the second quarter worth $32,000. GAMMA Investing LLC lifted its position in SkyWater Technology by 941.3% in the first quarter. GAMMA Investing LLC now owns 4,613 shares of the company’s stock worth $33,000 after buying an additional 4,170 shares during the last quarter. Finally, CWM LLC lifted its position in SkyWater Technology by 320.2% in the first quarter. CWM LLC now owns 5,719 shares of the company’s stock worth $41,000 after buying an additional 4,358 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

SkyWater Technology Company Profile

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.