SkyWater Technology (SKYT) to Release Quarterly Earnings on Monday

SkyWater Technology (NASDAQ:SKYT - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $74.25 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

SkyWater Technology Trading Down 1.4 %

Shares of NASDAQ:SKYT traded down $0.15 during midday trading on Thursday, hitting $10.39. The company had a trading volume of 579,163 shares, compared to its average volume of 687,350. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. SkyWater Technology has a 12 month low of $5.63 and a 12 month high of $19.00. The firm has a fifty day simple moving average of $11.75 and a 200 day simple moving average of $9.96. The stock has a market cap of $495.19 million, a price-to-earnings ratio of -29.69 and a beta of 3.36.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SKYT. Piper Sandler raised their target price on SkyWater Technology from $9.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $12.00 price objective on shares of SkyWater Technology in a research note on Monday, November 11th.

Insiders Place Their Bets

In other SkyWater Technology news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the transaction, the director now 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 accessible through this link. Corporate insiders own 42.55% 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.