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In recent transactions, Loren A. Unterseher, a director and significant shareholder of SkyWater Technology, Inc. (NASDAQ:SKYT), sold a substantial number of shares. On March 14, 2025, Unterseher disposed of 1,414,247 shares of common stock in SkyWater Technology. The shares were sold at prices ranging from $8.20 to $8.218 per share, amounting to a total transaction value of approximately $11.76 million. According to InvestingPro data, the stock has shown significant volatility, with a beta of 3.38, and analysts maintain a bullish outlook with a consensus target price range of $10-15.
Following these sales, Unterseher retains direct ownership of 11,160,832 shares, with additional holdings through various trusts and entities, reflecting his continued significant investment in the company. The transactions were part of routine financial management and do not necessarily indicate any change in the company’s strategic direction or financial health. InvestingPro analysis reveals the company’s overall Financial Health score is "FAIR," with revenue growth of 19.39% in the last twelve months. Get access to 12+ additional exclusive ProTips and comprehensive insider trading analysis with InvestingPro.
In other recent news, SkyWater Technology Inc. reported a strong performance for its fourth quarter of 2024, surpassing earnings expectations. The company achieved an earnings per share of $0.04, exceeding the anticipated loss of $0.06, and reported revenue of $75.5 million, slightly above forecasts of $74.18 million. SkyWater Technology is also planning to acquire Infineon (OTC:IFNNY)’s Fab 25, which is expected to contribute approximately $300 million in annual wafer services revenue, enhancing the company’s production capacity. The company’s strategic focus on advanced technologies and market expansion is evident in its initiatives, such as the launch of ThermaVu Solutions for thermal imaging applications. Analysts from firms like TD Cowen and Piper Sandler have shown interest in the company’s strategic moves, particularly the acquisition, which is expected to strengthen its market position. SkyWater Technology’s full-year 2024 revenue reached $342 million, marking a 19% increase from 2023. The company’s strategic initiatives and strong financial results have positioned it favorably for future growth.
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