SkyWater Technology, Inc. (NASDAQ:SKYT) EVP Sells $27,214.05 in Stock

Posted by Defense World Staff on Mar 6th, 2023

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Rating) EVP John Spicer sold 2,165 shares of SkyWater Technology stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $12.57, for a total transaction of $27,214.05. Following the completion of the transaction, the executive vice president now directly owns 49,003 shares in the company, valued at $615,967.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SkyWater Technology Stock Performance

Shares of NASDAQ:SKYT opened at $12.70 on Monday. The firm’s fifty day moving average is $10.52 and its 200-day moving average is $9.88. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 2.01. SkyWater Technology, Inc. has a 52 week low of $4.43 and a 52 week high of $20.95.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of SkyWater Technology from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Craig Hallum cut their target price on shares of SkyWater Technology to $14.00 in a research report on Tuesday, November 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $19.40.

Hedge Funds Weigh In On SkyWater Technology

A number of hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its holdings in shares of SkyWater Technology by 26.2% during the second quarter. American International Group Inc. now owns 5,061 shares of the company’s stock worth $30,000 after purchasing an additional 1,051 shares during the period. Tower Research Capital LLC TRC lifted its holdings in SkyWater Technology by 47.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,736 shares of the company’s stock valued at $29,000 after buying an additional 1,201 shares during the period. Advisor Group Holdings Inc. lifted its holdings in SkyWater Technology by 48.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,879 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares during the period. JPMorgan Chase & Co. lifted its holdings in SkyWater Technology by 50.9% in the second quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company’s stock valued at $35,000 after buying an additional 1,950 shares during the period. Finally, Royal Bank of Canada lifted its holdings in SkyWater Technology by 200.6% in the third quarter. Royal Bank of Canada now owns 4,903 shares of the company’s stock valued at $37,000 after buying an additional 3,272 shares during the period. Institutional investors and hedge funds own 10.18% of the company’s stock.

About SkyWater Technology

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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.