SkyWater Technology (NASDAQ:SKYT) Director Loren Unterseher Sells 9,662 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren Unterseher sold 9,662 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $16.26, for a total transaction of $157,104.12. Following the transaction, the director directly owned 4,787,394 shares of the company's stock, valued at $77,843,026.44. This trade represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

SkyWater Technology Trading Down 9.1%

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Shares of SKYT traded down $1.36 during mid-day trading on Thursday, reaching $13.56. The company had a trading volume of 2,410,248 shares, compared to its average volume of 1,133,809. SkyWater Technology, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $24.23. The firm has a fifty day simple moving average of $16.71 and a 200-day simple moving average of $12.30. The stock has a market cap of $657.77 million, a price-to-earnings ratio of 5.26 and a beta of 3.49. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $150.74 million during 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 EPS for the current fiscal year.

Analysts Set New Price Targets

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Several equities analysts have recently weighed in on SKYT shares. Jefferies Financial Group raised SkyWater Technology to a "hold" rating in a research note on Tuesday, October 28th. Stifel Nicolaus assumed coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They issued a "buy" rating and a $25.00 price target on the stock. TD Cowen boosted their price objective on shares of SkyWater Technology from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. Weiss Ratings reissued a "sell (e+)" rating on shares of SkyWater Technology in a research report on Monday. Finally, Cowen reissued a "buy" rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Five research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Check Out Our Latest Report on SkyWater Technology

Institutional Trading of SkyWater Technology

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

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.

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