SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher Sells 3,144 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 3,144 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $9.35, for a total transaction of $29,396.40. Following the transaction, the director now owns 10,564,829 shares of the company’s stock, valued at $98,781,151.15. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SkyWater Technology Price Performance

SkyWater Technology stock opened at $9.03 on Friday. SkyWater Technology, Inc. has a 12-month low of $5.63 and a 12-month high of $19.00. The stock has a market cap of $433.76 million, a P/E ratio of -25.80 and a beta of 3.43. The company has a 50-day moving average price of $7.69 and a 200 day moving average price of $9.31. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On SkyWater Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in SkyWater Technology during the fourth quarter worth about $572,000. UNICOM Systems Inc. acquired a new stake in SkyWater Technology during the fourth quarter worth about $1,728,000. Vanguard Group Inc. increased its position in SkyWater Technology by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company’s stock worth $19,993,000 after purchasing an additional 40,060 shares during the last quarter. Trexquant Investment LP increased its position in SkyWater Technology by 169.7% during the fourth quarter. Trexquant Investment LP now owns 236,498 shares of the company’s stock worth $3,264,000 after purchasing an additional 148,802 shares during the last quarter. Finally, Deutsche Bank AG increased its position in SkyWater Technology by 605.2% during the fourth quarter. Deutsche Bank AG now owns 83,605 shares of the company’s stock worth $1,154,000 after purchasing an additional 71,750 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen reduced their price objective on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reduced their target price on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating for the company 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.