SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report) Director Gregory B. Graves sold 5,432 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $8.10, for a total transaction of $43,999.20. Following the completion of the transaction, the director now directly owns 14,844 shares of the company’s stock, valued at approximately $120,236.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
SkyWater Technology Stock Performance
Shares of NASDAQ SKYT opened at $8.23 on Friday. The firm has a 50-day moving average price of $9.39 and a 200 day moving average price of $9.03. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. SkyWater Technology, Inc. has a 52 week low of $4.73 and a 52 week high of $12.97.
SkyWater Technology (NASDAQ:SKYT – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.12. SkyWater Technology had a negative return on equity of 32.59% and a negative net margin of 10.73%. The company had revenue of $79.15 million during the quarter, compared to the consensus estimate of $74.90 million. Research analysts predict that SkyWater Technology, Inc. will post -0.5 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SKYT. TD Cowen boosted their target price on SkyWater Technology from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Craig Hallum cut their price target on shares of SkyWater Technology from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC lowered their price target on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Piper Sandler upped their price objective on shares of SkyWater Technology from $9.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th.
Read Our Latest Research Report on SKYT
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Blue Trust Inc. bought a new position in shares of SkyWater Technology in the fourth quarter valued at $72,000. Victory Capital Management Inc. bought a new position in shares of SkyWater Technology in the 3rd quarter valued at approximately $485,000. Federated Hermes Inc. raised its holdings in SkyWater Technology by 83.7% in the 3rd quarter. Federated Hermes Inc. now owns 80,000 shares of the company’s stock worth $482,000 after acquiring an additional 36,443 shares during the period. Barclays PLC lifted its holdings in shares of SkyWater Technology by 549.4% during the third quarter. Barclays PLC now owns 22,807 shares of the company’s stock worth $137,000 after buying an additional 19,295 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of SkyWater Technology by 127.0% during the third quarter. Kestra Advisory Services LLC now owns 37,800 shares of the company’s stock valued at $228,000 after buying an additional 21,150 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
SkyWater Technology Company Profile
(Get Free Report)
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.
Read More
Receive News & Ratings for SkyWater Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SkyWater Technology and related companies with MarketBeat.com’s FREE daily email newsletter.