SkyWater Technology (NASDAQ:SKYT) Director Sells $1,572,000.00 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 120,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $13.10, for a total value of $1,572,000.00. Following the completion of the sale, the director owned 7,051,626 shares in the company, valued at approximately $92,376,300.60. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SkyWater Technology Trading Up 0.7%

SKYT stock opened at $15.40 on Friday. SkyWater Technology, Inc. has a one year low of $5.67 and a one year high of $19.00. The stock has a market cap of $741.97 million, a price-to-earnings ratio of -45.29 and a beta of 3.41. The company has a fifty day moving average price of $11.46 and a two-hundred day moving average price of $9.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

SKYT has been the topic of a number of research reports. Needham & Company LLC upped their price target on shares of SkyWater Technology from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wall Street Zen raised 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, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $13.00.

Institutional Trading of SkyWater Technology

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of SkyWater Technology by 7,282.8% during the first quarter. GAMMA Investing LLC now owns 32,706 shares of the company’s stock worth $232,000 after purchasing an additional 32,263 shares during the period. Deutsche Bank AG grew its position in SkyWater Technology by 605.2% during the fourth quarter. Deutsche Bank AG now owns 83,605 shares of the company’s stock worth $1,154,000 after buying an additional 71,750 shares in the last quarter. AlphaQuest LLC raised its holdings in SkyWater Technology by 159.9% in the 1st quarter. AlphaQuest LLC now owns 43,483 shares of the company’s stock valued at $308,000 after acquiring an additional 26,754 shares in the last quarter. Nuveen LLC bought a new stake in shares of SkyWater Technology during the 1st quarter valued at $1,919,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SkyWater Technology during the 1st quarter valued at $464,000. Institutional investors own 70.00% of the company’s stock.

About SkyWater Technology

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.