SkyWater Technology (NASDAQ:SKYT – Free Report) had its price objective trimmed by Piper Sandler from $14.00 to $9.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other brokerages have also commented on SKYT. Needham & Company LLC decreased their price objective on shares of SkyWater Technology from $15.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 9th. Craig Hallum decreased their price objective on shares of SkyWater Technology from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 9th.
Get Our Latest Analysis on SkyWater Technology
SkyWater Technology Stock Down 1.8 %
Insider Buying and Selling at SkyWater Technology
In other SkyWater Technology news, Director Gregory B. Graves sold 5,432 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $8.10, for a total transaction of $43,999.20. Following the transaction, the director now directly owns 14,844 shares in the company, valued at approximately $120,236.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Nancy Fares sold 8,850 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $7.97, for a total value of $70,534.50. Following the sale, the director now directly owns 32,073 shares in the company, valued at approximately $255,621.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory B. Graves sold 5,432 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $8.10, for a total transaction of $43,999.20. Following the completion of the sale, the director now owns 14,844 shares in the company, valued at $120,236.40. The disclosure for this sale can be found here. Corporate insiders own 42.55% of the company’s stock.
Institutional Trading of SkyWater Technology
A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of SkyWater Technology in the 2nd quarter valued at approximately $195,000. Victory Capital Management Inc. raised its holdings in SkyWater Technology by 4.2% during the 2nd quarter. Victory Capital Management Inc. now owns 95,150 shares of the company’s stock worth $728,000 after buying an additional 3,850 shares during the period. Lountzis Asset Management LLC acquired a new stake in SkyWater Technology during the 2nd quarter worth approximately $2,212,000. Whalen Wealth Management Inc. raised its holdings in SkyWater Technology by 41.1% during the 2nd quarter. Whalen Wealth Management Inc. now owns 33,689 shares of the company’s stock worth $258,000 after buying an additional 9,816 shares during the period. Finally, Rhumbline Advisers raised its holdings in SkyWater Technology by 36.3% during the 2nd quarter. Rhumbline Advisers now owns 32,764 shares of the company’s stock worth $251,000 after buying an additional 8,731 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.
SkyWater Technology Company Profile
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.
Further Reading
- Five stocks we like better than SkyWater Technology
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- How to Calculate Stock Profit
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- What is Forex and How Does it Work?
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for SkyWater Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWater Technology and related companies with MarketBeat.com's FREE daily email newsletter.