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 stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $14.53, for a total transaction of $1,453,000.00. Following the completion of the transaction, the director directly owned 6,711,256 shares of the company’s stock, valued at approximately $97,514,549.68. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SkyWater Technology Price Performance

Shares of NASDAQ SKYT traded up $0.03 during midday trading on Tuesday, reaching $14.81. 1,444,182 shares of the company were exchanged, compared to its average volume of 2,452,413. The stock’s 50-day moving average price is $16.98 and its 200-day moving average price is $12.53. The stock has a market cap of $718.43 million, a P/E ratio of 5.74 and a beta of 3.49. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. SkyWater Technology, Inc. has a one year low of $5.67 and a one year high of $24.23.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The company 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. On average, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKYT. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Needham & Company LLC raised their price target on shares of SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Piper Sandler boosted their price objective on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Institutional Trading of SkyWater Technology

A number of large investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in SkyWater Technology during the second quarter worth approximately $25,000. BNP Paribas Financial Markets grew its position in shares of SkyWater Technology by 56.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after buying an additional 991 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of SkyWater Technology in the 2nd quarter valued at $32,000. CWM LLC lifted its position in shares of SkyWater Technology by 320.2% during the 1st quarter. CWM LLC now owns 5,719 shares of the company’s stock valued at $41,000 after acquiring an additional 4,358 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in SkyWater Technology by 814.1% during the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after acquiring an additional 2,198 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

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.