Steve Manko Sells 50,000 Shares of SkyWater Technology (NASDAQ:SKYT) Stock

SkyWater Technology, Inc. (NASDAQ:SKYT) CFO Steve Manko sold 50,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $17.40, for a total transaction of $870,000.00. Following the completion of the sale, the chief financial officer directly owned 277,122 shares of the company’s stock, valued at $4,821,922.80. This trade represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steve Manko also recently made the following trade(s):

• On Friday, September 26th, Steve Manko sold 60,829 shares of SkyWater Technology stock. The shares were sold at an average price of $17.40, for a total transaction of $1,058,424.60.
• On Monday, September 22nd, Steve Manko sold 43,383 shares of SkyWater Technology stock. The shares were sold at an average price of $15.13, for a total transaction of $656,384.79.

SkyWater Technology Stock Down 5.4%

SKYT stock traded down $0.90 during midday trading on Tuesday, reaching $15.71. The company had a trading volume of 1,959,102 shares, compared to its average volume of 1,125,872. The company has a 50 day moving average of $16.50 and a two-hundred day moving average of $12.22. The company has a market capitalization of $762.09 million, a P/E ratio of 6.09 and a beta of 3.50. SkyWater Technology, Inc. has a 1 year low of $5.67 and a 1 year high of $24.23. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a research note on Monday. Piper Sandler raised their price objective on shares of SkyWater Technology from $12.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Stifel Nicolaus started coverage on shares of SkyWater Technology in a research note on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price for the company. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, TD Cowen raised their price target on shares of SkyWater Technology from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Institutional Investors Weigh In On SkyWater Technology

A number of large investors have recently added to or reduced their stakes in SKYT. Y Intercept Hong Kong Ltd acquired a new stake in shares of SkyWater Technology in the second quarter worth $243,000. AlphaQuest LLC raised its holdings in SkyWater Technology by 159.9% in the 1st quarter. AlphaQuest LLC now owns 43,483 shares of the company’s stock worth $308,000 after acquiring an additional 26,754 shares during the period. Cubist Systematic Strategies LLC bought a new position in SkyWater Technology in the 1st quarter worth $464,000. Nuveen LLC acquired a new position in SkyWater Technology during the 1st quarter worth $1,919,000. Finally, Emerald Advisers LLC boosted its holdings in SkyWater Technology by 36.2% during the second quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock valued at $13,412,000 after acquiring an additional 362,267 shares during the period. 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.