Loren Unterseher Sells 100,000 Shares of SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren Unterseher sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $14.54, for a total value of $1,454,000.00. Following the transaction, the director directly owned 4,487,394 shares of the company’s stock, valued at approximately $65,246,708.76. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

SkyWater Technology Trading Up 10.5%

Shares of SKYT stock opened at $16.88 on Wednesday. The stock has a market cap of $818.85 million, a price-to-earnings ratio of 6.54 and a beta of 3.50. The stock has a 50-day moving average of $17.10 and a 200-day moving average of $12.77. 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, Inc. has a 1-year low of $5.67 and a 1-year high of $24.23.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.41. The company 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. On average, equities research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Institutional Trading of SkyWater Technology

Several large investors have recently made changes to their positions in SKYT. Y Intercept Hong Kong Ltd bought a new position in SkyWater Technology in the second quarter worth approximately $243,000. AlphaQuest LLC raised its position 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 period. Cubist Systematic Strategies LLC bought a new position in shares of SkyWater Technology in the 1st quarter worth $464,000. Nuveen LLC acquired a new stake in SkyWater Technology in the 1st quarter valued at $1,919,000. Finally, Emerald Advisers LLC increased its stake in SkyWater Technology by 36.2% during the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after purchasing an additional 362,267 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SKYT has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They set 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 stock an “overweight” rating in a report on Thursday, November 6th. TD Cowen lifted their price objective on SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Needham & Company LLC upped their target price on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research report 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.