SkyWater Technology, Inc. (NASDAQ:SKYT) CEO Thomas Sonderman Sells 18,989 Shares

SkyWater Technology, Inc. (NASDAQ:SKYTGet Free Report) CEO Thomas Sonderman sold 18,989 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $10.01, for a total value of $190,079.89. Following the transaction, the chief executive officer now directly owns 498,413 shares of the company’s stock, valued at $4,989,114.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, January 24th, Thomas Sonderman sold 17,211 shares of SkyWater Technology stock. The shares were sold at an average price of $10.01, for a total transaction of $172,282.11.
  • On Thursday, December 28th, Thomas Sonderman sold 1,700 shares of SkyWater Technology stock. The stock was sold at an average price of $10.01, for a total transaction of $17,017.00.

SkyWater Technology Trading Up 2.1 %

Shares of SkyWater Technology stock opened at $10.50 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.84 and a current ratio of 0.97. The firm has a 50-day moving average of $8.86 and a 200-day moving average of $7.34. SkyWater Technology, Inc. has a 52-week low of $4.73 and a 52-week high of $15.99. The stock has a market cap of $493.82 million, a PE ratio of -20.19 and a beta of 4.30.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SKYT shares. Piper Sandler lowered their price target on shares of SkyWater Technology from $18.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 9th. Needham & Company LLC lowered their target price on SkyWater Technology from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th.

View Our Latest Stock Report on SKYT

Institutional Trading of SkyWater Technology

A number of institutional investors have recently bought and sold shares of the business. Olympiad Research LP acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $108,000. Stifel Financial Corp increased its stake in SkyWater Technology by 38.2% during the 4th quarter. Stifel Financial Corp now owns 22,450 shares of the company’s stock worth $216,000 after acquiring an additional 6,200 shares during the period. UBS Group AG raised its holdings in SkyWater Technology by 130.3% in the 4th quarter. UBS Group AG now owns 20,002 shares of the company’s stock valued at $192,000 after acquiring an additional 11,318 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SkyWater Technology by 13.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 150,966 shares of the company’s stock valued at $1,452,000 after acquiring an additional 18,183 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of SkyWater Technology by 17.6% during the 4th quarter. Victory Capital Management Inc. now owns 94,800 shares of the company’s stock worth $912,000 after purchasing an additional 14,163 shares in the last quarter. Institutional investors own 19.50% of the company’s stock.

About SkyWater Technology

(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 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, micro-electromechanical systems, and rad-hard integrated circuits.

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Insider Buying and Selling by Quarter for SkyWater Technology (NASDAQ:SKYT)

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