SkyWater Technology (NASDAQ:SKYT) CEO Thomas Sonderman Sells 5,207 Shares

SkyWater Technology, Inc. (NASDAQ:SKYT) CEO Thomas Sonderman sold 5,207 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $17.00, for a total transaction of $88,519.00. Following the completion of the transaction, the chief executive officer owned 526,967 shares of the company’s stock, valued at approximately $8,958,439. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Thomas Sonderman also recently made the following trade(s):

• On Wednesday, September 10th, Thomas Sonderman sold 8,355 shares of SkyWater Technology stock. The shares were sold at an average price of $10.58, for a total transaction of $88,395.90.

SkyWater Technology Stock Down 5.4%

Shares of SKYT stock traded down $0.90 during trading hours on Tuesday, hitting $15.71. 1,959,202 shares of the company’s stock traded hands, compared to its average volume of 1,125,872. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a market cap of $762.09 million, a price-to-earnings ratio of 6.09 and a beta of 3.50. The stock’s fifty day simple moving average is $16.50 and its two-hundred day simple moving average is $12.22. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $24.23.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.41. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.The business had revenue of $150.74 million during the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. On average, analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SKYT. Needham & Company LLC upped their target price on shares of SkyWater Technology from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Stifel Nicolaus initiated coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a research report on Monday. Piper Sandler increased their target price on SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SkyWater Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in SkyWater Technology by 814.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after purchasing an additional 2,198 shares during the period. Federated Hermes Inc. bought a new position in shares of SkyWater Technology during the 2nd quarter valued at $25,000. BNP Paribas Financial Markets boosted its stake in shares of SkyWater Technology by 56.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $27,000 after buying an additional 991 shares during the last quarter. CWM LLC grew its holdings in shares of SkyWater Technology by 291.3% in the third quarter. CWM LLC now owns 3,138 shares of the company’s stock worth $59,000 after acquiring an additional 2,336 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of SkyWater Technology in the second quarter worth $32,000. Institutional investors 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.