Insider Selling: SkyWater Technology, Inc. (NASDAQ:SKYT) Director Sells $71,944.47 in Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 7,761 shares of SkyWater Technology stock in a transaction dated 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 transaction, the director now owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

SkyWater Technology Price Performance

SKYT stock opened at $12.44 on Friday. The business has a 50 day moving average price of $9.46 and a 200 day moving average price of $8.66. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The stock has a market cap of $592.84 million, a price-to-earnings ratio of -35.54 and a beta of 3.72. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00.

Analyst Upgrades and Downgrades

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

Institutional Trading of SkyWater Technology

Several institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of SkyWater Technology in the 3rd quarter valued at $35,000. Victory Capital Management Inc. grew its holdings in shares of SkyWater Technology by 4.2% during the second quarter. Victory Capital Management Inc. now owns 95,150 shares of the company’s stock worth $728,000 after purchasing an additional 3,850 shares during the last quarter. Allworth Financial LP purchased a new position in shares of SkyWater Technology during the third quarter worth about $41,000. XTX Topco Ltd increased its position in shares of SkyWater Technology by 19.5% during the second quarter. XTX Topco Ltd now owns 30,836 shares of the company’s stock worth $236,000 after purchasing an additional 5,038 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of SkyWater Technology in the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

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.