Loren A. Unterseher Sells 7,761 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the transaction, the director now directly owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SkyWater Technology Price Performance

SkyWater Technology stock traded up $2.92 during trading hours on Tuesday, hitting $13.08. 4,209,645 shares of the company traded hands, compared to its average volume of 422,151. The firm has a market cap of $623.39 million, a P/E ratio of -37.29 and a beta of 3.72. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm's 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $8.55. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $13.55.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SKYT. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 price target on shares of SkyWater Technology in a report on Monday, November 11th. Piper Sandler raised their price target on shares of SkyWater Technology from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, October 25th.

Hedge Funds Weigh In On SkyWater Technology

Several hedge funds have recently made changes to their positions in SKYT. Lountzis Asset Management LLC acquired a new position in shares of SkyWater Technology in the 2nd quarter worth approximately $2,212,000. AQR Capital Management LLC grew its stake in shares of SkyWater Technology by 183.6% in the 2nd quarter. AQR Capital Management LLC now owns 119,828 shares of the company's stock worth $917,000 after purchasing an additional 77,571 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of SkyWater Technology in the 3rd quarter worth approximately $418,000. Baillie Gifford & Co. increased its position in shares of SkyWater Technology by 4.4% in the second quarter. Baillie Gifford & Co. now owns 1,007,449 shares of the company's stock worth $7,707,000 after acquiring an additional 42,649 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SkyWater Technology by 6.4% in the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company's stock worth $5,330,000 after acquiring an additional 35,219 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

About SkyWater Technology

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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