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 the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the sale, the director now owns 12,806,264 shares of the company’s stock, valued at approximately $118,714,067.28. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SkyWater Technology Trading Up 28.7 %

SKYT traded up $2.92 during trading on Tuesday, reaching $13.08. 4,209,645 shares of the company’s stock were exchanged, compared to its average volume of 422,151. The company’s fifty day moving average price is $9.18 and its 200-day moving average price is $8.55. The firm has a market capitalization of $623.39 million, a PE ratio of -37.29 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 $13.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87.

Hedge Funds Weigh In On SkyWater Technology

Several institutional investors and hedge funds have recently made changes to their positions in SKYT. Quarry LP bought a new stake in shares of SkyWater Technology during the third quarter worth $35,000. Allworth Financial LP acquired a new stake in SkyWater Technology in the 3rd quarter valued at $41,000. nVerses Capital LLC acquired a new position in shares of SkyWater Technology during the 3rd quarter worth about $60,000. The Manufacturers Life Insurance Company bought a new position in shares of SkyWater Technology in the 2nd quarter valued at about $88,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of SkyWater Technology by 98,866.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,876 shares of the company’s stock valued at $91,000 after acquiring an additional 11,864 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.