Loren A. Unterseher Sells 3,144 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 3,144 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $9.35, for a total value of $29,396.40. Following the completion of the sale, the director now owns 10,564,829 shares in the company, valued at $98,781,151.15. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

SkyWater Technology Trading Down 0.7%

Shares of SKYT stock traded down $0.06 during mid-day trading on Friday, hitting $9.03. 468,046 shares of the company's stock were exchanged, compared to its average volume of 591,917. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The stock has a market cap of $433.76 million, a price-to-earnings ratio of -25.80 and a beta of 3.43. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $7.65 and a two-hundred day simple moving average of $9.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SKYT shares. TD Cowen dropped their price objective on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. 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 research report on Thursday, May 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SKYT. Baillie Gifford & Co. increased its position in shares of SkyWater Technology by 65.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock worth $22,981,000 after acquiring an additional 658,431 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of SkyWater Technology by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company's stock valued at $19,993,000 after purchasing an additional 40,060 shares during the last quarter. Emerald Advisers LLC boosted its position in shares of SkyWater Technology by 1.3% during the first quarter. Emerald Advisers LLC now owns 1,000,716 shares of the company's stock worth $7,095,000 after buying an additional 12,562 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of SkyWater Technology by 0.4% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 602,297 shares of the company's stock worth $4,270,000 after buying an additional 2,555 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of SkyWater Technology by 112.0% during the first quarter. AQR Capital Management LLC now owns 313,993 shares of the company's stock worth $2,226,000 after buying an additional 165,865 shares during the period. Institutional investors and hedge funds 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.

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