Bart L. Zibrowski Sells 26,107 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYTGet 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:SKYTGet 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

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in SkyWater Technology by 50.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company’s stock valued at $35,000 after acquiring an additional 1,950 shares in the last quarter. American International Group Inc. grew its stake in SkyWater Technology by 26.2% during the 2nd quarter. American International Group Inc. now owns 5,061 shares of the company’s stock valued at $30,000 after acquiring an additional 1,051 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SkyWater Technology by 47.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,736 shares of the company’s stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in SkyWater Technology during the 3rd quarter valued at about $808,000. Finally, TCG Advisory Services LLC grew its stake in SkyWater Technology by 180.4% during the 3rd quarter. TCG Advisory Services LLC now owns 129,000 shares of the company’s stock valued at $987,000 after acquiring an additional 83,000 shares in the last quarter. Hedge funds and other institutional investors own 10.18% of the company’s stock.

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

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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.

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Insider Buying and Selling by Quarter for SkyWater Technology (NASDAQ:SKYT)

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