SkyWater Technology (NASDAQ:SKYT) CEO Thomas Sonderman Sells 5,207 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) CEO Thomas Sonderman sold 5,207 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $17.00, for a total transaction of $88,519.00. Following the sale, the chief executive officer owned 526,967 shares in the company, valued at approximately $8,958,439. This represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, September 10th, Thomas Sonderman sold 8,355 shares of SkyWater Technology stock. The stock was sold at an average price of $10.58, for a total transaction of $88,395.90.

SkyWater Technology Stock Performance

Shares of SKYT stock opened at $15.71 on Wednesday. The company has a market capitalization of $762.09 million, a P/E ratio of 6.09 and a beta of 3.49. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $24.23. The business’s 50 day moving average is $16.61 and its two-hundred day moving average is $12.28. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

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. The firm had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of SkyWater Technology

A number of hedge funds and other institutional investors have recently modified their holdings of SKYT. Russell Investments Group Ltd. boosted its position in shares of SkyWater Technology by 814.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock valued at $46,000 after acquiring an additional 2,198 shares during the last quarter. Federated Hermes Inc. purchased a new position in SkyWater Technology during the second quarter worth about $25,000. BNP Paribas Financial Markets boosted its holdings in SkyWater Technology by 56.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after purchasing an additional 991 shares during the last quarter. CWM LLC grew its stake in shares of SkyWater Technology by 291.3% in the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after buying an additional 2,336 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in shares of SkyWater Technology during the 2nd quarter worth approximately $32,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SKYT shares. Stifel Nicolaus assumed coverage on shares of SkyWater Technology in a research note on Tuesday, October 21st. They set a “buy” rating and a $25.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Cowen reissued a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Piper Sandler lifted their price target on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SkyWater Technology currently has a consensus rating of “Moderate Buy” and a consensus target price 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.