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

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

SkyWater Technology Price Performance

Shares of NASDAQ SKYT traded down $0.12 during midday trading on Monday, hitting $15.27. 1,269,534 shares of the company’s stock were exchanged, compared to its average volume of 1,142,782. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $24.23. 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 company has a market cap of $740.75 million, a price-to-earnings ratio of 5.92 and a beta of 3.51. The business’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $12.67.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 4.96%. The business had revenue of $150.74 million for the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, research analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of SkyWater Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of SkyWater Technology by 10.7% in the third quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock worth $193,000 after purchasing an additional 1,000 shares during the last quarter. Mairs & Power Inc. raised its holdings in SkyWater Technology by 12.7% during the 3rd quarter. Mairs & Power Inc. now owns 184,756 shares of the company’s stock valued at $3,448,000 after buying an additional 20,836 shares during the last quarter. Millennium Management LLC boosted its position in SkyWater Technology by 3,396.4% during the 3rd quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock valued at $14,468,000 after buying an additional 753,188 shares during the period. Jain Global LLC bought a new stake in SkyWater Technology in the 3rd quarter worth $207,000. Finally, Ameriprise Financial Inc. grew its holdings in SkyWater Technology by 9.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,846,355 shares of the company’s stock worth $34,453,000 after acquiring an additional 153,299 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Cowen reissued a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Piper Sandler raised their price target on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Needham & Company LLC lifted their price target on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Stifel Nicolaus assumed coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.