SkyWater Know-how (NASDAQ:SKYT) Inventory Value Down 2.6%


SkyWater Know-how, Inc. (NASDAQ:SKYT – Get Free Report) was down 2.6% throughout mid-day buying and selling on Tuesday . The inventory traded as little as $7.45 and final traded at $7.46. Roughly 161,710 shares modified fingers throughout mid-day buying and selling, a decline of 62% from the typical day by day quantity of 429,696 shares. The inventory had beforehand closed at $7.66.

Analysts Set New Value Targets

A number of analysis analysts have just lately issued experiences on SKYT shares. Craig Hallum decreased their goal value on shares of SkyWater Know-how from $16.00 to $12.00 and set a “purchase” ranking on the inventory in a analysis word on Thursday, Could ninth. Needham & Firm LLC decreased their goal value on shares of SkyWater Know-how from $15.00 to $12.00 and set a “purchase” ranking on the inventory in a analysis word on Thursday, Could ninth.

Get Our Newest Inventory Evaluation on SKYT

SkyWater Know-how Inventory Down 2.6 %

The agency’s 50 day transferring common value is $8.09 and its 200-day transferring common value is $9.17. The corporate has a market cap of $353.23 million, a P/E ratio of -10.81 and a beta of three.94. The corporate has a present ratio of 0.96, a fast ratio of 0.86 and a debt-to-equity ratio of 0.60.

SkyWater Know-how (NASDAQ:SKYT – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, Could eighth. The corporate reported ($0.12) earnings per share for the quarter, lacking the consensus estimate of ($0.09) by ($0.03). SkyWater Know-how had a destructive return on fairness of 32.59% and a destructive web margin of 10.73%. The agency had income of $79.64 million for the quarter, in comparison with the consensus estimate of $80.00 million. As a gaggle, equities analysis analysts count on that SkyWater Know-how, Inc. will publish -0.5 EPS for the present yr.

Insider Shopping for and Promoting

In associated information, Director Nancy Fares bought 8,850 shares of SkyWater Know-how inventory in a transaction that occurred on Friday, June 14th. The shares had been bought at a median value of $7.97, for a complete transaction of $70,534.50. Following the transaction, the director now owns 32,073 shares of the corporate’s inventory, valued at roughly $255,621.81. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which might be accessed via this hyperlink. In different SkyWater Know-how information, Director Gregory B. Graves bought 5,432 shares of the agency’s inventory in a transaction that occurred on Tuesday, Could twenty first. The shares had been bought at a median value of $8.10, for a complete transaction of $43,999.20. Following the sale, the director now straight owns 14,844 shares within the firm, valued at roughly $120,236.40. The sale was disclosed in a submitting with the Securities & Trade Fee, which is accessible via this hyperlink. Additionally, Director Nancy Fares bought 8,850 shares of the agency’s inventory in a transaction that occurred on Friday, June 14th. The inventory was bought at a median value of $7.97, for a complete transaction of $70,534.50. Following the sale, the director now owns 32,073 shares within the firm, valued at $255,621.81. The disclosure for this sale might be discovered right here. 42.55% of the inventory is owned by insiders.

Institutional Buying and selling of SkyWater Know-how

Hedge funds have just lately purchased and bought shares of the inventory. Nisa Funding Advisors LLC acquired a brand new stake in shares of SkyWater Know-how within the fourth quarter valued at roughly $42,000. Tower Analysis Capital LLC TRC raised its holdings in shares of SkyWater Know-how by 622.1% within the fourth quarter. Tower Analysis Capital LLC TRC now owns 5,712 shares of the corporate’s inventory valued at $55,000 after buying an extra 4,921 shares over the past quarter. Blue Belief Inc. acquired a brand new stake in shares of SkyWater Know-how within the fourth quarter valued at roughly $72,000. Arlington Capital Administration Inc. acquired a brand new stake in shares of SkyWater Know-how within the first quarter valued at roughly $107,000. Lastly, Olympiad Analysis LP acquired a brand new stake in shares of SkyWater Know-how within the fourth quarter valued at roughly $108,000. 70.00% of the inventory is at the moment owned by institutional traders and hedge funds.

SkyWater Know-how Firm Profile

(Get Free Report)

SkyWater Know-how, Inc, along with its subsidiaries, operates as a pure-play know-how foundry that engages within the provision of semiconductor growth, manufacturing, and packaging companies in america. The corporate gives engineering and course of growth assist companies to co-create applied sciences with prospects; and semiconductor manufacturing companies for varied silicon-based analog and mixed-signal, micro-electromechanical programs, and rad-hard built-in circuits.

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