Insider Selling: SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells $43,999.20 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYTGet Free Report) Director Gregory B. Graves sold 5,432 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $8.10, for a total transaction of $43,999.20. Following the transaction, the director now directly owns 14,844 shares of the company’s stock, valued at $120,236.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SkyWater Technology Price Performance

SkyWater Technology stock opened at $8.23 on Friday. The firm has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $9.06. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. SkyWater Technology, Inc. has a 12-month low of $4.73 and a 12-month high of $12.97.

SkyWater Technology (NASDAQ:SKYTGet Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. The firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $74.90 million. SkyWater Technology had a negative net margin of 10.73% and a negative return on equity of 32.59%. Equities analysts anticipate that SkyWater Technology, Inc. will post -0.5 earnings per share for the current year.

Institutional Trading of SkyWater Technology

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new stake in SkyWater Technology during the fourth quarter worth approximately $72,000. Victory Capital Management Inc. bought a new stake in SkyWater Technology during the third quarter worth approximately $485,000. Federated Hermes Inc. boosted its holdings in SkyWater Technology by 83.7% during the third quarter. Federated Hermes Inc. now owns 80,000 shares of the company’s stock worth $482,000 after buying an additional 36,443 shares in the last quarter. Barclays PLC boosted its holdings in SkyWater Technology by 549.4% during the third quarter. Barclays PLC now owns 22,807 shares of the company’s stock worth $137,000 after buying an additional 19,295 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in SkyWater Technology by 127.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 37,800 shares of the company’s stock worth $228,000 after purchasing an additional 21,150 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SKYT has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of SkyWater Technology from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Piper Sandler increased their price objective on shares of SkyWater Technology from $9.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Needham & Company LLC decreased their price objective on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Craig Hallum decreased their price objective on shares of SkyWater Technology from $16.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 9th.

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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.

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Insider Buying and Selling by Quarter for SkyWater Technology (NASDAQ:SKYT)

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