SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher Sells 86,273 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 86,273 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $9.50, for a total transaction of $819,593.50. Following the completion of the transaction, the director now owns 10,574,092 shares in the company, valued at approximately $100,453,874. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

SkyWater Technology Stock Performance

Shares of SKYT stock traded up $0.09 during trading hours on Tuesday, reaching $8.99. The company had a trading volume of 247,977 shares, compared to its average volume of 586,013. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The business has a fifty day moving average price of $7.54 and a 200-day moving average price of $9.29. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The firm has a market cap of $431.83 million, a PE ratio of -25.69 and a beta of 3.40.

Hedge Funds Weigh In On SkyWater Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in SkyWater Technology by 941.3% during the first quarter. GAMMA Investing LLC now owns 4,613 shares of the company's stock valued at $33,000 after acquiring an additional 4,170 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of SkyWater Technology by 64.1% during 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 during the last quarter. CWM LLC lifted its stake in shares of SkyWater Technology by 320.2% in the 1st quarter. CWM LLC now owns 5,719 shares of the company's stock worth $41,000 after purchasing an additional 4,358 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of SkyWater Technology in the fourth quarter worth approximately $50,000. Finally, BIT Capital GmbH bought a new stake in SkyWater Technology during the fourth quarter valued at approximately $143,000. 70.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SKYT has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price objective on shares of 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 target on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

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.