SkyWater Technology (SKYT) to Release Earnings on Wednesday

SkyWater Technology (NASDAQ:SKYT) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $74.25 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

SkyWater Technology Stock Down 4.3 %

NASDAQ:SKYT opened at $9.26 on Tuesday. The firm has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $10.05. The firm has a market cap of $441.33 million, a P/E ratio of -26.46 and a beta of 3.36. SkyWater Technology has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price on shares of SkyWater Technology in a report on Monday, November 11th.

Insider Transactions at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $9.27, for a total transaction of $71,944.47. Following the transaction, the director now owns 12,806,264 shares in the company, valued at $118,714,067.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.55% of the company’s stock.

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.