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 SkyWater Technology stock in a transaction on Friday, December 13th. The shares were sold at an average price of $9.27, for a total value of $71,944.47. Following the completion of the sale, the director now directly owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SkyWater Technology Price Performance

Shares of SKYT opened at $13.08 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a market cap of $623.39 million, a P/E ratio of -37.37 and a beta of 3.72. The stock’s 50-day moving average price is $9.27 and its two-hundred day moving average price is $8.59. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year high of $13.55.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SKYT. Emerald Advisers LLC increased its stake 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 purchasing an additional 18,423 shares in the last quarter. Baillie Gifford & Co. grew its holdings 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 buying an additional 42,649 shares during the period. Geode Capital Management LLC increased its position 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 buying an additional 35,219 shares in the last quarter. State Street Corp raised its stake in SkyWater Technology by 4.7% during the 3rd quarter. State Street Corp now owns 473,475 shares of the company’s stock worth $4,299,000 after buying an additional 21,134 shares during the period. Finally, Lountzis Asset Management LLC acquired a new stake in SkyWater Technology during the 2nd quarter worth $2,212,000. Institutional investors 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.