Insider Selling: SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells 17,136 Shares of Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 17,136 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $9.36, for a total value of $160,392.96. Following the completion of the transaction, the director now directly owns 10,547,693 shares of the company’s stock, valued at approximately $98,726,406.48. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

SkyWater Technology Stock Up 1.3%

SKYT stock opened at $9.23 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $443.36 million, a P/E ratio of -26.37 and a beta of 3.43. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The business has a 50-day moving average of $7.85 and a 200-day moving average of $9.32.

Institutional Investors Weigh In On SkyWater Technology

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $572,000. UNICOM Systems Inc. bought a new position in SkyWater Technology in the fourth quarter valued at $1,728,000. Vanguard Group Inc. increased its stake in SkyWater Technology by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company’s stock valued at $19,993,000 after buying an additional 40,060 shares during the last quarter. Trexquant Investment LP lifted its position in SkyWater Technology by 169.7% during the 4th quarter. Trexquant Investment LP now owns 236,498 shares of the company’s stock worth $3,264,000 after buying an additional 148,802 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of SkyWater Technology by 605.2% during the 4th quarter. Deutsche Bank AG now owns 83,605 shares of the company’s stock worth $1,154,000 after buying an additional 71,750 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SKYT shares. TD Cowen lowered their target price on SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reduced their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 8th.

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.