SkyWater Technology, Inc. (NASDAQ:SKYT) Insider Bradley Ferguson Sells 10,000 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT – Get Rating) insider Bradley Ferguson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $14.00, for a total value of $140,000.00. Following the sale, the insider now owns 485,024 shares of the company’s stock, valued at approximately $6,790,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bradley Ferguson also recently made the following trade(s):

• On Tuesday, February 28th, Bradley Ferguson sold 10,000 shares of SkyWater Technology stock. The stock was sold at an average price of $13.14, for a total value of $131,400.00.
• On Monday, December 19th, Bradley Ferguson sold 40,185 shares of SkyWater Technology stock. The stock was sold at an average price of $7.84, for a total value of $315,050.40.

SkyWater Technology Stock Down 5.3 %

Shares of SKYT opened at $12.43 on Tuesday. SkyWater Technology, Inc. has a one year low of $4.43 and a one year high of $20.95. The company has a market cap of $517.34 million, a P/E ratio of -12.68 and a beta of 4.78. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.06 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $11.24 and a two-hundred day simple moving average of $9.76.

SkyWater Technology (NASDAQ:SKYT – Get Rating) last announced its quarterly earnings data on Monday, February 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.10. SkyWater Technology had a negative net margin of 18.59% and a negative return on equity of 96.28%. The business had revenue of $65.09 million during the quarter, compared to the consensus estimate of $55.60 million. Research analysts forecast that SkyWater Technology, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SKYT shares. Craig Hallum dropped their price target on shares of SkyWater Technology to $14.00 in a research report on Tuesday, November 15th. Needham & Company LLC lifted their price target on shares of SkyWater Technology from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $19.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in SkyWater Technology by 47.4% during 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 in the last quarter. American International Group Inc. raised its position in SkyWater Technology by 26.2% during 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 in the last quarter. Advisor Group Holdings Inc. raised its position in SkyWater Technology by 48.3% during 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SkyWater Technology by 50.9% during the second quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company’s stock worth $35,000 after buying an additional 1,950 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of SkyWater Technology by 200.6% during the third 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 in the last quarter. 10.18% of the stock is currently owned by institutional investors and hedge funds.

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.