SkyWater Technology, Inc. (NASDAQ:SKYT – Get Rating) major shareholder Bart L. Zibrowski sold 13,813 shares of the firm’s stock in a transaction on Friday, January 20th. The shares were sold at an average price of $9.50, for a total transaction of $131,223.50. Following the transaction, the insider now directly owns 5,143,230 shares of the company’s stock, valued at $48,860,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
SkyWater Technology Trading Up 3.4 %
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SKYT traded up $0.29 on Friday, reaching $8.79. 1,209 shares of the company traded hands, compared to its average volume of 110,953. SkyWater Technology, Inc. has a one year low of $4.43 and a one year high of $20.95. The firm has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $9.95. The company has a market cap of $365.83 million, a P/E ratio of -5.31 and a beta of 4.70. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 2.01.
SkyWater Technology (NASDAQ:SKYT – Get Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.15. SkyWater Technology had a negative net margin of 34.12% and a negative return on equity of 108.66%. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $52.35 million. As a group, equities research analysts expect that SkyWater Technology, Inc. will post -1.05 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in SkyWater Technology by 47.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,736 shares of the company’s stock valued at $29,000 after purchasing an additional 1,201 shares during the period. American International Group Inc. increased its position in SkyWater Technology by 26.2% during the 2nd quarter. American International Group Inc. now owns 5,061 shares of the company’s stock valued at $30,000 after purchasing an additional 1,051 shares during the period. JPMorgan Chase & Co. increased its position in SkyWater Technology by 50.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company’s stock valued at $35,000 after purchasing an additional 1,950 shares during the period. Royal Bank of Canada grew its position in shares of SkyWater Technology by 200.6% in the 3rd quarter. Royal Bank of Canada now owns 4,903 shares of the company’s stock worth $37,000 after buying an additional 3,272 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in SkyWater Technology during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 10.18% of the company’s stock.
Analyst Ratings Changes
Separately, Craig Hallum lowered their target price on shares of SkyWater Technology to $14.00 in a report on Tuesday, November 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.40.
SkyWater Technology Company Profile
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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