SkyWater Technology (NASDAQ:SKYT) Director Loren Unterseher Sells 2,200 Shares

by · The Cerbat Gem

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report) Director Loren Unterseher sold 2,200 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $20.55, for a total transaction of $45,210.00. Following the sale, the director owned 4,809,056 shares of the company’s stock, valued at approximately $98,826,100.80. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SkyWater Technology Trading Down 3.6%

SKYT stock traded down $0.62 during midday trading on Monday, hitting $16.61. The stock had a trading volume of 1,862,996 shares, compared to its average volume of 1,122,083. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $16.39 and a two-hundred day moving average price of $12.16. SkyWater Technology, Inc. has a 1-year low of $5.67 and a 1-year high of $24.23. The firm has a market cap of $800.20 million, a P/E ratio of 6.44 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.41. The firm had revenue of $150.74 million during the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, sell-side analysts predict that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SKYT shares. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SkyWater Technology in a research note on Wednesday, October 8th. Finally, TD Cowen upped their target price on shares of SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, SkyWater Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

View Our Latest Research Report on SkyWater Technology

Institutional Investors Weigh In On SkyWater Technology

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of SkyWater Technology by 814.1% in the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after acquiring an additional 2,198 shares during the period. Federated Hermes Inc. purchased a new stake in SkyWater Technology during the 2nd quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in SkyWater Technology by 56.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after purchasing an additional 991 shares in the last quarter. CWM LLC boosted its stake in SkyWater Technology by 291.3% in the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after purchasing an additional 2,336 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in SkyWater Technology during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

About SkyWater Technology

(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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