SkyWater Technology, Inc. (NASDAQ:SKYT – Get Free Report) Director Gregory B. Graves sold 12,844 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.11, for a total value of $104,164.84. Following the completion of the transaction, the director now owns 14,285 shares in the company, valued at $115,851.35. This represents a 47.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SkyWater Technology Stock Up 3.3 %
SKYT traded up $0.27 during trading on Monday, reaching $8.42. 557,009 shares of the stock traded hands, compared to its average volume of 534,812. The stock’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The stock has a market cap of $401.26 million, a price-to-earnings ratio of -24.06 and a beta of 3.38.
SkyWater Technology (NASDAQ:SKYT – Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. The business had revenue of $75.49 million during the quarter, compared to analysts’ expectations of $74.25 million. As a group, equities research analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on SkyWater Technology
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in SkyWater Technology by 65.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock worth $22,981,000 after purchasing an additional 658,431 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of SkyWater Technology by 414.5% during the 4th quarter. Nuveen Asset Management LLC now owns 277,962 shares of the company’s stock worth $3,836,000 after acquiring an additional 223,940 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of SkyWater Technology by 169.7% during the 4th quarter. Trexquant Investment LP now owns 236,498 shares of the company’s stock valued at $3,264,000 after acquiring an additional 148,802 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SkyWater Technology by 394.2% in the 4th quarter. Bank of America Corp DE now owns 163,645 shares of the company’s stock valued at $2,258,000 after acquiring an additional 130,529 shares in the last quarter. Finally, UNICOM Systems Inc. acquired a new stake in SkyWater Technology in the 4th quarter worth approximately $1,728,000. 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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