SkyWater Technologies, Inc. (NASDAQ: SKYT – Rated ) majority owner Bart L. Zibrowski sold 13,813 shares of the company in Friday, January 20th trading. The stocks sold for an average of $9.50, with a total transaction value of $131,223.50. After the transaction is completed, the insider now directly holds 5,143,230 shares of the company, worth $48,860,685. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. Large shareholders who own more than 10 percent of a company must disclose their transactions to the SEC.
SkyWater Technology shares rose 3.4%
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SKYT rose $0.29 to $8.79 on Friday. The company’s stock volume was 1,209 shares compared to its average volume of 110,953 shares. SkyWater Technologies had a one-year low of $4.43 and a one-year high of $20.95. The company’s 50-day simple moving average is $8.70 and the 200-day simple moving average is $9.95. The company has a market capitalization of $365.83 million, a P/E ratio of -5.31, and a beta of 4.70. The company has a quick ratio of 0.89, a current ratio of 1.06, and a debt-to-equity ratio of 2.01.
SkyWater Technology (NASDAQ: SKYT – Get Rating ) last reported quarterly earnings data on Monday, November 7th. The company reported earnings per share ($0.17) for the quarter, beating analysts’ consensus estimate ($0.32) by $0.15. SkyWater Technology has a negative net profit margin of 34.12% and a negative return on equity of 108.66%. The company’s revenue for the quarter was $52.33 million, compared with analysts’ estimate of $52.35 million. As a whole, equity research analysts expect SkyWater Technology, Inc. to report earnings per share of -1.05 for the current year.
Institutional inflows and outflows
Institutional investors have recently increased or decreased their stakes in the business. Tower Research Capital LLC TRC increased its position in SkyWater Technology by 47.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,736 shares of the company worth $29,000 after purchasing an additional 1,201 shares during that period. AIG increased its position in SkyWater Technology by 26.2% in the second quarter. AIG now owns 5,061 shares of the company worth $30,000 after buying an additional 1,051 shares during that period. JPMorgan Chase & Co increased its position in SkyWater Technology by 50.9% in the second quarter. JPMorgan now owns 5,781 shares of the company worth $35,000 after purchasing an additional 1,950 shares during that period. RBC increased its stake in SkyWater Technology by 200.6% in the third quarter. RBC now owns 4,903 shares of the company worth C$37,000 after purchasing an additional 3,272 shares in the previous quarter. Finally, PNC Financial Services Group Inc. New shares in SkyWater Technology were purchased in the first quarter, valued at approximately $43,000. Hedge funds and other institutional investors hold a 10.18% stake in the company.
Analyst Rating Changes
Separately, Craig Hallum cut their price target on shares of SkyWater Technology to $14.00 in a report on Tuesday, November 15th. Five investment analysts have a buy rating on the stock, and according to MarketBeat, the company currently has a consensus rating of “buy” and a consensus price target of $18.40.
Tianshui Technology Company Profile
SkyWater Technology, Inc. and its subsidiaries provide semiconductor development and manufacturing services. The company provides engineering and process development support services to co-create technology with customers; and semiconductor manufacturing services for a variety of silicon-based analog and mixed-signal, power discrete, microelectromechanical systems and radiation-hardened integrated circuits.
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