SkyWater Technology (NASDAQ:SKYT) Director Loren Unterseher Sells 100,000 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $14.54, for a total transaction of $1,454,000.00. Following the completion of the transaction, the director owned 4,487,394 shares of the company’s stock, valued at approximately $65,246,708.76. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SkyWater Technology Trading Down 0.8%

Shares of NASDAQ SKYT opened at $15.27 on Tuesday. The firm has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $12.72. The stock has a market cap of $740.72 million, a P/E ratio of 5.92 and a beta of 3.49. SkyWater Technology, Inc. has a 52-week low of $5.67 and a 52-week high of $24.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67.

SkyWater Technology (NASDAQ:SKYT) last issued 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 company had revenue of $150.74 million for the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 4.96%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, equities analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Institutional Trading of SkyWater Technology

Several hedge funds have recently modified their holdings of SKYT. BNP Paribas Financial Markets boosted its stake in SkyWater Technology by 56.4% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after acquiring an additional 991 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of SkyWater Technology by 10.7% during the third quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after purchasing an additional 1,000 shares during the period. Deutsche Bank AG boosted its position in shares of SkyWater Technology by 1.6% during the 1st quarter. Deutsche Bank AG now owns 84,977 shares of the company’s stock worth $602,000 after purchasing an additional 1,372 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of SkyWater Technology by 814.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after buying an additional 2,198 shares during the period. Finally, CWM LLC increased its position in SkyWater Technology by 291.3% in the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after buying an additional 2,336 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

SKYT has been the subject of a number of analyst reports. Stifel Nicolaus began coverage on SkyWater Technology in a research report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price objective for the company. Cowen reissued a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Piper Sandler boosted their price target on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Jefferies Financial Group raised shares of SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.50.

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.