Insider Selling: SkyWater Technology, Inc. (NASDAQ:SKYT) CTO Sells $27,217.52 in Stock

Posted by Defense World Staff on Mar 6th, 2023

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Rating) CTO Steve Kosier sold 2,167 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $12.56, for a total value of $27,217.52. Following the completion of the transaction, the chief technology officer now directly owns 45,902 shares of the company’s stock, valued at $576,529.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SkyWater Technology Trading Up 0.5 %

Shares of NASDAQ SKYT opened at $12.70 on Monday. SkyWater Technology, Inc. has a 1-year low of $4.43 and a 1-year high of $20.95. The business has a 50-day moving average of $10.52 and a 200-day moving average of $9.88. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 2.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted 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 purchasing an additional 1,201 shares during the last quarter. American International Group Inc. boosted its holdings in SkyWater Technology by 26.2% in the second 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 last quarter. Advisor Group Holdings Inc. boosted 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 purchasing an additional 1,590 shares during the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 1,950 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in SkyWater Technology by 200.6% during 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. Hedge funds and other institutional investors own 10.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Needham & Company LLC upped their target price on 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 dropped their price target on SkyWater Technology to $14.00 in a research note on Tuesday, November 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SkyWater Technology has an average rating of “Buy” and an average target price of $19.40.

SkyWater Technology Company Profile

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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.