SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 345,765 shares of SkyWater Technology stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $12.84, for a total value of $4,439,622.60. Following the completion of the sale, the director directly owned 10,100,043 shares of the company's stock, valued at approximately $129,684,552.12. The trade was a 3.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
SkyWater Technology Price Performance
SkyWater Technology stock traded down $0.40 during mid-day trading on Friday, hitting $11.41. The stock had a trading volume of 829,629 shares, compared to its average volume of 1,240,979. The firm has a market capitalization of $549.69 million, a P/E ratio of -33.56 and a beta of 3.38. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm's 50 day moving average is $10.14 and its 200 day moving average is $8.90. SkyWater Technology, Inc. has a one year low of $5.67 and a one year high of $19.00.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of SkyWater Technology by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company's stock valued at $16,660,000 after acquiring an additional 229,954 shares during the last quarter. Vanguard Group Inc. raised its position in SkyWater Technology by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company's stock worth $19,993,000 after purchasing an additional 40,060 shares during the period. Emerald Advisers LLC raised its position in SkyWater Technology by 36.2% in the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company's stock worth $13,412,000 after purchasing an additional 362,267 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in SkyWater Technology by 18.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 714,144 shares of the company's stock worth $7,027,000 after purchasing an additional 111,847 shares during the period. Finally, AQR Capital Management LLC raised its position in SkyWater Technology by 112.0% in the 1st quarter. AQR Capital Management LLC now owns 313,993 shares of the company's stock worth $2,226,000 after purchasing an additional 165,865 shares during the period. Institutional investors own 70.00% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SKYT shares. Wall Street Zen lowered shares of SkyWater Technology from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Needham & Company LLC upped their price objective on SkyWater Technology from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, TD Cowen reduced their price objective 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.
Get Our Latest Stock Analysis on SkyWater Technology
About SkyWater Technology
(
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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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