SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells $104,164.84 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Gregory B. Graves sold 12,844 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.11, for a total transaction of $104,164.84. Following the transaction, the director now owns 14,285 shares in the company, valued at approximately $115,851.35. The trade was a 47.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SkyWater Technology Trading Up 0.7 %

SKYT stock opened at $8.18 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The company has a fifty day moving average price of $9.80 and a two-hundred day moving average price of $9.93. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The stock has a market cap of $389.83 million, a price-to-earnings ratio of -23.37 and a beta of 3.38.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. The firm had revenue of $75.49 million during the quarter, compared to analysts’ expectations of $74.25 million. Equities analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Institutional Investors Weigh In On SkyWater Technology

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of SkyWater Technology in the third quarter valued at about $35,000. Summit Investment Advisors Inc. grew its stake in shares of SkyWater Technology by 64.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company’s stock valued at $39,000 after acquiring an additional 1,113 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SkyWater Technology in the fourth quarter valued at about $50,000. Quantbot Technologies LP acquired a new position in shares of SkyWater Technology in the third quarter valued at about $120,000. Finally, BIT Capital GmbH acquired a new position in shares of SkyWater Technology in the fourth quarter valued at about $143,000. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of SkyWater Technology in a report on Thursday, February 27th.

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.