SkyWater Technology (NASDAQ:SKYT) Trading Down 6.8% Following Insider Selling

SkyWater Technology, Inc. (NASDAQ:SKYT)’s stock price traded down 6.8% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $13.57 and last traded at $13.7750. 240,817 shares were traded during trading, a decline of 79% from the average session volume of 1,138,302 shares. The stock had previously closed at $14.78.

Specifically, Director Loren A. Unterseher sold 100,000 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $14.53, for a total transaction of $1,453,000.00. Following the completion of the sale, the director directly owned 6,711,256 shares of the company’s stock, valued at $97,514,549.68. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Loren A. Unterseher sold 100,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $14.13, for a total value of $1,413,000.00. Following the completion of the transaction, the director directly owned 6,611,256 shares in the company, valued at $93,417,047.28. This trade represents a 1.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other SkyWater Technology news, CEO Thomas Sonderman sold 5,210 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $13.38, for a total transaction of $69,709.80. Following the completion of the sale, the chief executive officer owned 521,757 shares of the company’s stock, valued at approximately $6,981,108.66. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SKYT shares. Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Cowen restated a “buy” rating on shares of SkyWater Technology in a report on Thursday, November 6th. Piper Sandler boosted their price objective on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Stifel Nicolaus started coverage on shares of SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

SkyWater Technology Trading Down 1.6%

The firm has a market capitalization of $706.79 million, a price-to-earnings ratio of 5.65 and a beta of 3.49. The business’s 50-day moving average price is $17.02 and its 200 day moving average price is $12.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.61.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a net margin of 36.36% and a negative return on equity of 4.96%. The business had revenue of $150.74 million during the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, equities analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share 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. BNP Paribas Financial Markets boosted its holdings in SkyWater Technology by 56.4% in the second 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. NewEdge Advisors LLC raised its position in shares of SkyWater Technology by 10.7% in the 3rd quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after purchasing an additional 1,000 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of SkyWater Technology by 1.6% during the 1st quarter. Deutsche Bank AG now owns 84,977 shares of the company’s stock valued at $602,000 after buying an additional 1,372 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in SkyWater Technology by 814.1% in the third 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 in the last quarter. Finally, CWM LLC raised its holdings in SkyWater Technology by 291.3% in the third quarter. CWM LLC now owns 3,138 shares of the company’s stock valued at $59,000 after acquiring an additional 2,336 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

About SkyWater Technology

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.