Loren Unterseher Sells 12,000 Shares of SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $17.45, for a total transaction of $209,400.00. Following the completion of the transaction, the director owned 4,797,056 shares in the company, valued at $83,708,627.20. This represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SkyWater Technology Trading Down 5.4%

Shares of SKYT opened at $15.71 on Wednesday. The stock has a market capitalization of $762.09 million, a P/E ratio of 6.09 and a beta of 3.49. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $12.28. SkyWater Technology, Inc. has a twelve month low of $5.67 and a twelve month high of $24.23.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. The firm had revenue of $150.74 million for the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 4.96%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On SkyWater Technology

A number of institutional investors have recently added to or reduced their stakes in SKYT. NewEdge Advisors LLC boosted its holdings in shares of SkyWater Technology by 10.7% during the 3rd quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after buying an additional 1,000 shares in the last quarter. Mairs & Power Inc. lifted its position in SkyWater Technology by 12.7% during the 3rd quarter. Mairs & Power Inc. now owns 184,756 shares of the company’s stock valued at $3,448,000 after acquiring an additional 20,836 shares during the period. Millennium Management LLC boosted its stake in SkyWater Technology by 3,396.4% during the third quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock worth $14,468,000 after acquiring an additional 753,188 shares in the last quarter. Jain Global LLC purchased a new stake in SkyWater Technology in the third quarter worth about $207,000. Finally, Ameriprise Financial Inc. increased its stake in shares of SkyWater Technology by 9.1% during the third quarter. Ameriprise Financial Inc. now owns 1,846,355 shares of the company’s stock valued at $34,453,000 after purchasing an additional 153,299 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upped their price target on SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Piper Sandler upped their target price on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Stifel Nicolaus initiated coverage on SkyWater Technology in a research note on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price target for the company. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Cowen restated a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SkyWater Technology currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

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.