SkyWater Technology (NASDAQ:SKYT) CFO Steve Manko Sells 50,000 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) CFO Steve Manko sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $17.40, for a total value of $870,000.00. Following the transaction, the chief financial officer owned 277,122 shares of the company’s stock, valued at $4,821,922.80. This trade represents a 15.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Steve Manko also recently made the following trade(s):

• On Friday, September 26th, Steve Manko sold 60,829 shares of SkyWater Technology stock. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60.
• On Monday, September 22nd, Steve Manko sold 43,383 shares of SkyWater Technology stock. The stock was sold at an average price of $15.13, for a total value of $656,384.79.

SkyWater Technology Stock Down 5.4%

Shares of NASDAQ SKYT opened at $15.71 on Wednesday. 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. The business has a fifty day moving average of $16.61 and a two-hundred day moving average of $12.28. The stock has a market cap of $762.09 million, a PE ratio of 6.09 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, equities research analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

SKYT has been the subject of a number of research analyst reports. TD Cowen lifted their target price on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday. Finally, Stifel Nicolaus initiated coverage on SkyWater Technology in a report on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

SkyWater Technology Company Profile

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.