SkyWater Technology (NASDAQ:SKYT) Director Sells $1,454,000.00 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the sale, the director directly owned 4,487,394 shares of the company’s stock, valued at approximately $65,246,708.76. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SkyWater Technology Stock Down 0.8%

SKYT stock traded down $0.12 during mid-day trading on Monday, reaching $15.27. 1,269,534 shares of the company traded hands, compared to its average volume of 1,142,782. The stock has a market cap of $740.75 million, a price-to-earnings ratio of 5.92 and a beta of 3.51. SkyWater Technology, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $24.23. The firm’s 50 day moving average price is $17.07 and its 200 day moving average price is $12.67. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The company had revenue of $150.74 million for the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, equities research analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SKYT shares. TD Cowen boosted their price target on shares of SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Stifel Nicolaus initiated coverage on SkyWater Technology in a research note on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC upped their target price on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Piper Sandler increased their price target on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Institutional Trading of SkyWater Technology

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of SkyWater Technology by 10.7% during the third quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after buying an additional 1,000 shares during the period. Mairs & Power Inc. lifted its stake in SkyWater Technology by 12.7% in the 3rd quarter. Mairs & Power Inc. now owns 184,756 shares of the company’s stock worth $3,448,000 after purchasing an additional 20,836 shares in the last quarter. Millennium Management LLC boosted its holdings in SkyWater Technology by 3,396.4% in the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock valued at $14,468,000 after purchasing an additional 753,188 shares during the period. Jain Global LLC purchased a new position in shares of SkyWater Technology during the 3rd quarter valued at $207,000. Finally, Ameriprise Financial Inc. grew its position in shares of SkyWater Technology by 9.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,846,355 shares of the company’s stock valued at $34,453,000 after purchasing an additional 153,299 shares in the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

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.