Insider Selling: SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells 7,761 Shares of Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 7,761 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the transaction, the director now owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SkyWater Technology Price Performance

Shares of SKYT stock opened at $15.76 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00. The firm has a market cap of $751.06 million, a price-to-earnings ratio of -45.03 and a beta of 3.72. The stock has a 50-day moving average price of $9.40 and a 200 day moving average price of $8.64.

Wall Street Analysts Forecast Growth

SKYT has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of SkyWater Technology in a research report on Monday, November 11th.

Institutional Investors Weigh In On SkyWater Technology

Several institutional investors have recently modified their holdings of SKYT. Emerald Advisers LLC lifted its holdings in SkyWater Technology by 1.7% in the third quarter. Emerald Advisers LLC now owns 1,113,353 shares of the company’s stock valued at $10,109,000 after buying an additional 18,423 shares during the period. Baillie Gifford & Co. lifted its stake in shares of SkyWater Technology by 4.4% in the 2nd quarter. Baillie Gifford & Co. now owns 1,007,449 shares of the company’s stock valued at $7,707,000 after purchasing an additional 42,649 shares during the period. Geode Capital Management LLC lifted its stake in shares of SkyWater Technology by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 586,933 shares of the company’s stock valued at $5,330,000 after purchasing an additional 35,219 shares during the period. State Street Corp boosted its position in shares of SkyWater Technology by 4.7% in the 3rd quarter. State Street Corp now owns 473,475 shares of the company’s stock worth $4,299,000 after purchasing an additional 21,134 shares during the last quarter. Finally, Lountzis Asset Management LLC acquired a new stake in shares of SkyWater Technology during the second quarter worth $2,212,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

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.