SkyWater Technology, Inc. (NASDAQ:SKYT - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $15.76, but opened at $16.73. SkyWater Technology shares last traded at $15.54, with a volume of 569,054 shares changing hands.
Wall Street Analyst Weigh In
SKYT has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $12.00 target price on shares of SkyWater Technology in a research report on Monday, November 11th. Piper Sandler increased their price target on SkyWater Technology from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, October 25th.
Check Out Our Latest Report on SkyWater Technology
SkyWater Technology Price Performance
The firm has a market cap of $592.84 million, a P/E ratio of -35.54 and a beta of 3.72. The stock's 50-day moving average is $9.46 and its 200-day moving average is $8.66. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53.
Insiders Place Their Bets
In other news, Director Loren A. Unterseher sold 7,761 shares of the business's 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 sale, the director now directly owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.55% of the company's stock.
Institutional Investors Weigh In On SkyWater Technology
A number of institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of SkyWater Technology in the 3rd quarter worth approximately $35,000. Allworth Financial LP bought a new stake in SkyWater Technology in the third quarter valued at $41,000. nVerses Capital LLC acquired a new position in SkyWater Technology during the third quarter worth $60,000. The Manufacturers Life Insurance Company bought a new position in shares of SkyWater Technology during the second quarter valued at $88,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of SkyWater Technology by 98,866.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,876 shares of the company's stock valued at $91,000 after purchasing an additional 11,864 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.
See Also
Before you consider SkyWater Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SkyWater Technology wasn't on the list.
While SkyWater Technology currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
