SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 134,049 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $9.41, for a total value of $1,261,401.09. Following the sale, the director now directly owns 11,026,783 shares of the company's stock, valued at $103,762,028.03. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
SkyWater Technology Stock Up 4.7%
NASDAQ:SKYT traded up $0.43 during trading hours on Tuesday, reaching $9.43. The company's stock had a trading volume of 26,542 shares, compared to its average volume of 577,495. The stock has a 50 day moving average price of $7.42 and a two-hundred day moving average price of $9.26. 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 company has a market capitalization of $452.73 million, a P/E ratio of -26.57 and a beta of 3.40. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00.
SkyWater Technology (NASDAQ:SKYT - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. The company had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. Equities analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently commented on SKYT shares. Needham & Company LLC reduced their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a "buy" rating on the stock in a research note 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.
Check Out Our Latest Analysis on SkyWater Technology
Institutional Trading of SkyWater Technology
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in SkyWater Technology by 64.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company's stock valued at $39,000 after buying an additional 1,113 shares during the last quarter. Deutsche Bank AG increased its stake in SkyWater Technology by 1.6% during 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. raised its holdings in shares of SkyWater Technology by 15.0% in the fourth quarter. Ellevest Inc. now owns 15,996 shares of the company's stock worth $221,000 after buying an additional 2,090 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings 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 valued at $4,270,000 after buying an additional 2,555 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in SkyWater Technology by 8.0% in the 1st quarter. Rhumbline Advisers now owns 37,397 shares of the company's stock worth $265,000 after acquiring an additional 2,783 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.
SkyWater Technology Company Profile
(
Get Free Report)
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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