SkyWater Technology (NASDAQ:SKYT) CFO Steve Manko Sells 60,829 Shares

Key Points

• Steve Manko, CFO of SkyWater Technology, sold 60,829 shares at an average price of $17.40, totaling over $1 million, reducing his ownership in the company by 15.68%.
• SkyWater's stock price recently increased to $18.66 after trading hours, significantly above its one-year low of $5.67, showing notable market interest.
• Several investment analysts have upgraded SkyWater Technology's rating, with a consensus of "Buy" and an average target price of $13.00 according to recent research reports.

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) CFO Steve Manko sold 60,829 shares of the firm's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60. Following the sale, the chief financial officer directly owned 327,122 shares of the company's stock, valued at approximately $5,691,922.80. This represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steve Manko also recently made the following trade(s):

• On Monday, September 22nd, Steve Manko sold 43,383 shares of SkyWater Technology stock. The shares were sold at an average price of $15.13, for a total value of $656,384.79.
• On Friday, August 8th, Steve Manko sold 37,845 shares of SkyWater Technology stock. The stock was sold at an average price of $13.62, for a total value of $515,448.90.

SkyWater Technology Stock Performance

SKYT traded up $0.44 during trading hours on Tuesday, hitting $18.66. The stock had a trading volume of 2,158,327 shares, compared to its average volume of 902,209. The company's fifty day simple moving average is $11.76 and its 200 day simple moving average is $9.56. SkyWater Technology, Inc. has a 1 year low of $5.67 and a 1 year high of $19.87. The stock has a market cap of $899.04 million, a PE ratio of -54.88 and a beta of 3.41. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

SKYT has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on SkyWater Technology from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wall Street Zen upgraded SkyWater Technology from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SkyWater Technology presently has a consensus rating of "Buy" and an average target price of $13.00.

Institutional Trading of SkyWater Technology

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of SkyWater Technology by 15.7% during 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. Emerald Advisers LLC boosted its position in shares of SkyWater Technology by 36.2% during the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company's stock valued at $13,412,000 after acquiring an additional 362,267 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of SkyWater Technology by 18.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 714,144 shares of the company's stock valued at $7,027,000 after acquiring an additional 111,847 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of SkyWater Technology by 112.0% during the 1st quarter. AQR Capital Management LLC now owns 313,993 shares of the company's stock valued at $2,226,000 after acquiring an additional 165,865 shares during the last quarter. Finally, Lountzis Asset Management LLC raised its holdings in shares of SkyWater Technology by 1.6% during the 1st quarter. Lountzis Asset Management LLC now owns 291,940 shares of the company's stock valued at $2,146,000 after buying an additional 4,618 shares in the last quarter. Institutional investors 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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