SkyWater Technology (SKYT) to Release Quarterly Earnings on Monday

SkyWater Technology (NASDAQ:SKYT) is expected to release its earnings data after the market closes on Monday, February 24th. Analysts expect SkyWater Technology to post earnings of ($0.06) per share and revenue of $74.25 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SkyWater Technology Price Performance

NASDAQ SKYT opened at $10.02 on Monday. SkyWater Technology has a 52 week low of $5.63 and a 52 week high of $19.00. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a market cap of $477.55 million, a price-to-earnings ratio of -28.63 and a beta of 3.36. The company has a 50-day moving average price of $11.69 and a two-hundred day moving average price of $9.91.

Analyst Upgrades and Downgrades

Several research firms have commented on SKYT. Piper Sandler upped their target price on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of SkyWater Technology in a research report on Monday, November 11th.

Insider Transactions at SkyWater Technology

In other news, Director Loren A. Unterseher sold 7,761 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $9.27, for a total value of $71,944.47. Following the completion of the sale, the director now directly owns 12,806,264 shares of the company’s stock, valued at approximately $118,714,067.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.