SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells $56,230.50 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 5,919 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $9.50, for a total transaction of $56,230.50. Following the sale, the director now directly owns 10,567,973 shares in the company, valued at approximately $100,395,743.50. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SkyWater Technology Price Performance

SKYT stock traded up $0.21 during trading on Monday, hitting $9.24. The stock had a trading volume of 547,259 shares, compared to its average volume of 593,171. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00. The company's 50-day moving average price is $7.69 and its two-hundred day moving average price is $9.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $443.84 million, a P/E ratio of -26.40 and a beta of 3.43.

Institutional Trading of SkyWater Technology

Large investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its holdings in shares of SkyWater Technology by 71.5% during the 1st quarter. Inspire Investing LLC now owns 49,040 shares of the company's stock worth $348,000 after purchasing an additional 20,448 shares during the last quarter. Rhumbline Advisers lifted its position in SkyWater Technology by 8.0% during the first quarter. Rhumbline Advisers now owns 37,397 shares of the company's stock worth $265,000 after buying an additional 2,783 shares in the last quarter. Strs Ohio acquired a new position in SkyWater Technology during the first quarter worth $173,000. AQR Capital Management LLC grew its holdings in SkyWater Technology by 112.0% in the 1st quarter. AQR Capital Management LLC now owns 313,993 shares of the company's stock valued at $2,226,000 after buying an additional 165,865 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in SkyWater Technology in the 1st quarter valued at $464,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC cut 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. TD Cowen dropped their price target on shares of SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock 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.