SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher Sells 2,673 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 2,673 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $10.00, for a total value of $26,730.00. Following the transaction, the director now directly owns 13,019,620 shares of the company’s stock, valued at approximately $130,196,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

SkyWater Technology Stock Performance

Shares of NASDAQ:SKYT traded down $0.07 during mid-day trading on Tuesday, reaching $9.28. 227,124 shares of the company traded hands, compared to its average volume of 427,386. The company’s 50 day moving average price is $7.89 and its 200-day moving average price is $8.93. The firm has a market cap of $439.41 million, a PE ratio of -13.55 and a beta of 3.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.90 and a quick ratio of 0.79. SkyWater Technology, Inc. has a 52 week low of $4.73 and a 52 week high of $12.97.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on SkyWater Technology from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC cut their price target on SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Craig Hallum cut their price target on SkyWater Technology from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in SkyWater Technology by 622.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,712 shares of the company’s stock worth $55,000 after purchasing an additional 4,921 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in SkyWater Technology in the 2nd quarter worth approximately $88,000. Allspring Global Investments Holdings LLC lifted its holdings in SkyWater Technology by 98,866.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,876 shares of the company’s stock worth $91,000 after purchasing an additional 11,864 shares in the last quarter. Arlington Capital Management Inc. purchased a new position in SkyWater Technology in the 1st quarter worth approximately $107,000. Finally, Algert Global LLC purchased a new position in SkyWater Technology in the 2nd quarter worth approximately $107,000. 70.00% of the stock is currently owned by institutional investors.

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.