SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher Sells 17,136 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 17,136 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $9.36, for a total value of $160,392.96. Following the completion of the transaction, the director now owns 10,547,693 shares of the company's stock, valued at $98,726,406.48. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SkyWater Technology Stock Performance

Shares of SKYT stock traded down $0.63 on Friday, hitting $8.19. The company had a trading volume of 611,890 shares, compared to its average volume of 596,787. The firm has a market cap of $393.41 million, a P/E ratio of -23.40 and a beta of 3.43. The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $9.32. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00.

Hedge Funds Weigh In On SkyWater Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. increased its stake in shares of SkyWater Technology by 64.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company's stock valued at $39,000 after purchasing an additional 1,113 shares in the last quarter. Deutsche Bank AG increased its stake in shares of SkyWater Technology by 1.6% in the 1st quarter. Deutsche Bank AG now owns 84,977 shares of the company's stock valued at $602,000 after purchasing an additional 1,372 shares in the last quarter. Ellevest Inc. increased its stake in shares of SkyWater Technology by 15.0% in the 4th quarter. Ellevest Inc. now owns 15,996 shares of the company's stock valued at $221,000 after purchasing an additional 2,090 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of SkyWater Technology by 0.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 602,297 shares of the company's stock valued at $4,270,000 after purchasing an additional 2,555 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of SkyWater Technology by 8.0% in the 1st quarter. Rhumbline Advisers now owns 37,397 shares of the company's stock valued at $265,000 after purchasing an additional 2,783 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Wall Street Analyst Weigh In

SKYT has been the subject of several analyst reports. Needham & Company LLC decreased their price objective on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Cowen decreased their price objective on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

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.