SkyWater Technology, Inc. (NASDAQ:SKYT) CFO Steve Manko Sells 1,811 Shares

SkyWater Technology, Inc. (NASDAQ:SKYTGet Rating) CFO Steve Manko sold 1,811 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $5.74, for a total value of $10,395.14. Following the sale, the chief financial officer now owns 475,024 shares in the company, valued at approximately $2,726,637.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Steve Manko also recently made the following trade(s):

  • On Tuesday, March 8th, Steve Manko sold 25,200 shares of SkyWater Technology stock. The shares were sold at an average price of $10.25, for a total value of $258,300.00.

NASDAQ SKYT opened at $5.00 on Thursday. SkyWater Technology, Inc. has a 1 year low of $4.97 and a 1 year high of $36.80. The stock has a market capitalization of $199.53 million and a PE ratio of -2.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.19. The business’s 50-day moving average is $8.64 and its 200 day moving average is $13.20.

SkyWater Technology (NASDAQ:SKYTGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.07. SkyWater Technology had a negative net margin of 39.60% and a negative return on equity of 70.23%. The business had revenue of $38.53 million for the quarter, compared to analysts’ expectations of $36.10 million. As a group, equities research analysts anticipate that SkyWater Technology, Inc. will post -1.33 earnings per share for the current year.

SKYT has been the subject of several research reports. Piper Sandler cut their target price on SkyWater Technology from $15.00 to $10.00 in a research note on Wednesday, May 4th. Needham & Company LLC cut their price objective on shares of SkyWater Technology from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Zacks Investment Research raised shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Wednesday. Cowen reduced their price objective on SkyWater Technology from $25.00 to $20.00 in a research note on Thursday, February 24th. Finally, Craig Hallum initiated coverage on SkyWater Technology in a research note on Tuesday, April 26th. They issued a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $15.60.

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of SkyWater Technology during the fourth quarter valued at approximately $6,968,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of SkyWater Technology by 46.7% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 890,876 shares of the company’s stock worth $14,450,000 after purchasing an additional 283,753 shares in the last quarter. Emerald Advisers LLC boosted its holdings in SkyWater Technology by 44.5% in the fourth quarter. Emerald Advisers LLC now owns 867,511 shares of the company’s stock worth $14,071,000 after acquiring an additional 267,214 shares in the last quarter. BlackRock Inc. boosted its stake in SkyWater Technology by 11.1% in the 4th quarter. BlackRock Inc. now owns 1,404,107 shares of the company’s stock worth $22,775,000 after purchasing an additional 140,332 shares in the last quarter. Finally, Mairs & Power Inc. grew its position in SkyWater Technology by 41.0% during the 3rd quarter. Mairs & Power Inc. now owns 138,465 shares of the company’s stock valued at $3,766,000 after purchasing an additional 40,266 shares during the last quarter. 17.24% of the stock is owned by hedge funds and other institutional investors.

About SkyWater Technology (Get Rating)

SkyWater Technology, Inc, together with its subsidiaries, provides semiconductor development and manufacturing services. 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, power discrete, microelectromechanical systems, and rad-hard integrated circuits.

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