SkyWater Technology (NASDAQ:SKYT) CEO Sells $69,709.80 in Stock

by · The Cerbat Gem

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report) CEO Thomas Sonderman sold 5,210 shares of SkyWater Technology stock in a transaction on Friday, November 21st. The shares were 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 $6,981,108.66. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Sonderman also recently made the following trade(s):

  • On Friday, November 14th, Thomas Sonderman sold 5,207 shares of SkyWater Technology stock. The stock was sold at an average price of $17.00, for a total value of $88,519.00.
  • On Wednesday, September 10th, Thomas Sonderman sold 8,355 shares of SkyWater Technology stock. The stock was sold at an average price of $10.58, for a total transaction of $88,395.90.

SkyWater Technology Stock Up 0.2%

Shares of SKYT traded up $0.03 on Tuesday, reaching $14.81. The company’s stock had a trading volume of 1,444,182 shares, compared to its average volume of 1,144,013. SkyWater Technology, Inc. has a twelve month low of $5.67 and a twelve month high of $24.23. The stock has a market capitalization of $718.43 million, a PE ratio of 5.74 and a beta of 3.50. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $16.91 and a 200-day moving average of $12.48.

SkyWater Technology (NASDAQ:SKYT – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. The business had revenue of $150.74 million during the quarter, compared to the consensus estimate of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Equities analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SKYT shares. Needham & Company LLC lifted their price objective on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. TD Cowen upped their price objective on shares of SkyWater Technology from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Piper Sandler lifted their target price on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a report on Monday. Finally, Stifel Nicolaus assumed coverage on SkyWater Technology in a report on Tuesday, October 21st. They set a “buy” rating and a $25.00 price target on the stock. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Get Our Latest Stock Report on SKYT

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKYT. BNP Paribas Financial Markets boosted its holdings in SkyWater Technology by 56.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after buying an additional 991 shares during the period. NewEdge Advisors LLC grew its holdings in SkyWater Technology by 10.7% during the 3rd quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after buying an additional 1,000 shares in the last quarter. Deutsche Bank AG increased its position in shares of SkyWater Technology by 1.6% during the first 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 period. Russell Investments Group Ltd. grew its stake in SkyWater Technology by 814.1% during 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 increased its holdings in SkyWater Technology by 291.3% during the 3rd quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after acquiring an additional 2,336 shares during the period. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Company Profile

(Get Free Report)

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.

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