SkyWater Technology, Inc. (NASDAQ:SKYT) Director Gregory B. Graves Sells 12,844 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Gregory B. Graves sold 12,844 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.11, for a total value of $104,164.84. Following the sale, the director now owns 14,285 shares of the company’s stock, valued at approximately $115,851.35. This trade represents a 47.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

SkyWater Technology Stock Down 3.6 %

SKYT stock opened at $8.12 on Wednesday. The firm has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $9.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $19.00. The firm has a market cap of $386.97 million, a price-to-earnings ratio of -23.20 and a beta of 3.38.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. The business had revenue of $75.49 million during the quarter, compared to the consensus estimate of $74.25 million. Research analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Institutional Trading of SkyWater Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in SkyWater Technology by 6.4% during 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. SBI Securities Co. Ltd. acquired a new stake in SkyWater Technology in the fourth quarter worth $572,000. UNICOM Systems Inc. acquired a new stake in SkyWater Technology in the fourth quarter worth $1,728,000. SG Americas Securities LLC acquired a new stake in SkyWater Technology in the fourth quarter worth $225,000. Finally, Baillie Gifford & Co. increased its position in SkyWater Technology by 65.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock worth $22,981,000 after buying an additional 658,431 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of SkyWater Technology in a research note on Thursday, February 27th.

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.