SkyWater Technology, Inc. (NASDAQ:SKYT – Get Rating) major shareholder Bart L. Zibrowski sold 26,107 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $10.08, for a total transaction of $263,158.56. Following the completion of the transaction, the insider now owns 5,172,976 shares of the company’s stock, valued at approximately $52,143,598.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
SkyWater Technology Stock Performance
SKYT opened at $9.03 on Friday. SkyWater Technology, Inc. has a twelve month low of $4.43 and a twelve month high of $20.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.89 and a current ratio of 1.06. The company has a 50-day moving average price of $8.36 and a 200 day moving average price of $9.31.
SkyWater Technology (NASDAQ:SKYT – Get Rating) last released its quarterly earnings results on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $52.33 million during the quarter, compared to the consensus estimate of $52.35 million. Equities research analysts predict that SkyWater Technology, Inc. will post -1.05 EPS for the current year.
Institutional Trading of SkyWater Technology
Analyst Upgrades and Downgrades
SKYT has been the subject of a number of analyst reports. Cowen upped their price objective on shares of SkyWater Technology from $12.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Piper Sandler upped their price objective on shares of SkyWater Technology from $10.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 15th. Needham & Company LLC upped their price objective on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Craig Hallum decreased their price objective on shares of SkyWater Technology to $14.00 in a research report on Tuesday, November 15th. Finally, Cowen upped their price target on shares of SkyWater Technology from $12.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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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