Loren Unterseher Sells 100,000 Shares of SkyWater Technology (NASDAQ:SKYT) Stock

by · The Markets Daily

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report) Director Loren Unterseher sold 100,000 shares of SkyWater Technology stock in a transaction on Monday, November 24th. The stock was sold at an average price of $14.53, for a total transaction of $1,453,000.00. Following the transaction, the director directly owned 6,711,256 shares in the company, valued at approximately $97,514,549.68. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

SkyWater Technology Trading Up 0.2%

Shares of SKYT traded up $0.03 during trading hours on Tuesday, reaching $14.81. The stock had a trading volume of 1,444,182 shares, compared to its average volume of 2,452,413. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. SkyWater Technology, Inc. has a 52 week low of $5.67 and a 52 week high of $24.23. The firm has a 50-day moving average of $16.98 and a 200 day moving average of $12.53. The company has a market cap of $718.43 million, a P/E ratio of 5.74 and a beta of 3.49.

SkyWater Technology (NASDAQ:SKYT – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The firm had revenue of $150.74 million for 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, sell-side analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Stifel Nicolaus assumed coverage on SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Cowen reiterated a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Piper Sandler lifted their target price on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group raised SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Five research 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. Based on data from MarketBeat.com, SkyWater Technology presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Read Our Latest Report on SKYT

Institutional Trading of SkyWater Technology

Several large investors have recently made changes to their positions in SKYT. Millennium Management LLC raised its position in SkyWater Technology by 3,396.4% during the third quarter. Millennium Management LLC now owns 775,364 shares of the company’s stock valued at $14,468,000 after purchasing an additional 753,188 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of SkyWater Technology by 36.2% in the 2nd quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after purchasing an additional 362,267 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of SkyWater Technology by 13,712.9% during the 3rd quarter. Federated Hermes Inc. now owns 347,119 shares of the company’s stock worth $6,477,000 after buying an additional 344,606 shares in the last quarter. Nuveen LLC bought a new stake in shares of SkyWater Technology during the 1st quarter worth $1,919,000. Finally, Erste Asset Management GmbH boosted its stake in SkyWater Technology by 21.7% in the third quarter. Erste Asset Management GmbH now owns 1,400,000 shares of the company’s stock valued at $25,508,000 after buying an additional 250,000 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

About SkyWater Technology

(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.

Recommended Stories