Loren A. Unterseher Sells 5,919 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) Director Loren A. Unterseher sold 5,919 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $9.50, for a total transaction of $56,230.50. Following the transaction, the director now owns 10,567,973 shares in the company, valued at approximately $100,395,743.50. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SkyWater Technology Trading Down 0.7%

NASDAQ SKYT opened at $9.03 on Friday. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The company’s 50 day moving average price is $7.69 and its 200 day moving average price is $9.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a market capitalization of $433.76 million, a price-to-earnings ratio of -25.80 and a beta of 3.43.

Institutional Trading of SkyWater Technology

Several large investors have recently bought and sold shares of SKYT. Baillie Gifford & Co. grew its position in SkyWater Technology by 65.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock valued at $22,981,000 after acquiring an additional 658,431 shares in the last quarter. Nuveen LLC acquired a new stake in SkyWater Technology in the first quarter valued at approximately $1,919,000. Nuveen Asset Management LLC grew its position in SkyWater Technology by 414.5% in the fourth quarter. Nuveen Asset Management LLC now owns 277,962 shares of the company’s stock valued at $3,836,000 after acquiring an additional 223,940 shares in the last quarter. AQR Capital Management LLC grew its position in SkyWater Technology by 112.0% in the first quarter. AQR Capital Management LLC now owns 313,993 shares of the company’s stock valued at $2,226,000 after acquiring an additional 165,865 shares in the last quarter. Finally, Trexquant Investment LP grew its position in SkyWater Technology by 169.7% in the fourth quarter. Trexquant Investment LP now owns 236,498 shares of the company’s stock valued at $3,264,000 after acquiring an additional 148,802 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SKYT. TD Cowen cut their price target on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC cut their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating on the stock in a 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.