SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) CEO Thomas Sonderman sold 14,958 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $10.04, for a total value of $150,178.32. Following the completion of the transaction, the chief executive officer now owns 565,465 shares in the company, valued at approximately $5,677,268.60. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
SkyWater Technology Trading Down 5.4%
SkyWater Technology stock traded down $0.56 during midday trading on Friday, reaching $9.89. The stock had a trading volume of 1,153,486 shares, compared to its average volume of 613,634. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.07. The firm has a market cap of $475.02 million, a price-to-earnings ratio of -58.17 and a beta of 3.43. The firm's fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $9.37.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of SKYT. Vanguard Group Inc. lifted 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 buying an additional 40,060 shares in the last quarter. Emerald Advisers LLC raised its holdings in SkyWater Technology by 1.3% in the 1st quarter. Emerald Advisers LLC now owns 1,000,716 shares of the company's stock worth $7,095,000 after acquiring an additional 12,562 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of SkyWater Technology by 0.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 602,297 shares of the company's stock worth $4,270,000 after purchasing an additional 2,555 shares during the period. AQR Capital Management LLC lifted its holdings 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 last quarter. Finally, Lountzis Asset Management LLC boosted its holdings in SkyWater Technology by 1.6% in the 1st quarter. Lountzis Asset Management LLC now owns 291,940 shares of the company's stock valued at $2,146,000 after purchasing an additional 4,618 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on SKYT shares. TD Cowen cut their target price 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. Needham & Company LLC cut their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.
Check Out Our Latest Research Report 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.
Further Reading
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