SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells $314,870.40 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 33,640 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.36, for a total value of $314,870.40. Following the completion of the sale, the director now owns 10,514,053 shares in the company, valued at $98,411,536.08. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SkyWater Technology Stock Up 1.3%

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

Institutional Investors Weigh In On SkyWater Technology

A number of large investors have recently made changes to their positions in SKYT. Inspire Investing LLC grew its stake in shares of SkyWater Technology by 71.5% in the first quarter. Inspire Investing LLC now owns 49,040 shares of the company’s stock valued at $348,000 after buying an additional 20,448 shares in the last quarter. Rhumbline Advisers increased its position in SkyWater Technology by 8.0% in the 1st quarter. Rhumbline Advisers now owns 37,397 shares of the company’s stock valued at $265,000 after acquiring an additional 2,783 shares during the period. Strs Ohio acquired a new position in shares of SkyWater Technology during the first quarter worth about $173,000. AQR Capital Management LLC raised its position in SkyWater Technology by 112.0% in the first quarter. AQR Capital Management LLC now owns 313,993 shares of the company’s stock worth $2,226,000 after acquiring an additional 165,865 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of SkyWater Technology in the 1st quarter worth approximately $464,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC reduced their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. TD Cowen cut their price target on SkyWater Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a research 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.