Insider Selling: SkyWater Technology (NASDAQ:SKYT) CEO Sells 5,210 Shares of Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) CEO Thomas Sonderman sold 5,210 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.38, for a total transaction of $69,709.80. Following the sale, the chief executive officer owned 521,757 shares in the company, valued at approximately $6,981,108.66. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Thomas Sonderman also recently made the following trade(s):

• On Friday, November 14th, Thomas Sonderman sold 5,207 shares of SkyWater Technology stock. The stock was sold at an average price of $17.00, for a total value of $88,519.00.
• On Wednesday, September 10th, Thomas Sonderman sold 8,355 shares of SkyWater Technology stock. The shares were sold at an average price of $10.58, for a total value of $88,395.90.

SkyWater Technology Stock Up 0.2%

Shares of SKYT stock traded up $0.03 on Tuesday, hitting $14.81. 1,444,182 shares of the stock were exchanged, compared to its average volume of 1,144,013. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $718.43 million, a P/E ratio of 5.74 and a beta of 3.50. SkyWater Technology, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $24.23. The business has a 50-day moving average of $16.91 and a 200 day moving average of $12.48.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The business had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Equities analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On SkyWater Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its stake in SkyWater Technology by 320.2% during the first quarter. CWM LLC now owns 5,719 shares of the company’s stock worth $41,000 after purchasing an additional 4,358 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of SkyWater Technology by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 54,000 shares of the company’s stock valued at $383,000 after acquiring an additional 4,600 shares in the last quarter. Deutsche Bank AG increased its holdings in SkyWater Technology by 1.6% in the 1st quarter. Deutsche Bank AG now owns 84,977 shares of the company’s stock worth $602,000 after purchasing an additional 1,372 shares in the last quarter. Nuveen LLC bought a new position in SkyWater Technology in the first quarter valued at about $1,919,000. Finally, AlphaQuest LLC grew its holdings in shares of SkyWater Technology by 159.9% during the first quarter. AlphaQuest LLC now owns 43,483 shares of the company’s stock worth $308,000 after purchasing an additional 26,754 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SKYT. Cowen reaffirmed a “buy” rating on shares of SkyWater Technology in a research report on Thursday, November 6th. Wall Street Zen raised shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Stifel Nicolaus assumed coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Piper Sandler increased their price target on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, TD Cowen upped their price objective on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.50.

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.