SkyWater Technology (SKYT) Expected to Announce Earnings on Wednesday

SkyWater Technology (NASDAQ:SKYT) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect SkyWater Technology to post earnings of ($0.06) per share and revenue of $74.25 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SkyWater Technology Trading Down 6.8 %

Shares of SkyWater Technology stock opened at $9.68 on Monday. 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 company has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $10.05. The stock has a market cap of $461.35 million, a price-to-earnings ratio of -27.66 and a beta of 3.36. SkyWater Technology has a 12-month low of $5.63 and a 12-month high of $19.00.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of SkyWater Technology in a research note on Monday, November 11th.

Insider Activity

In other news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the sale, the director now owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.