Los Angeles Capital Management LLC Buys Shares of 79,437 SkyWater Technology, Inc. (NASDAQ:SKYT)

Los Angeles Capital Management LLC purchased a new stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 79,437 shares of the company's stock, valued at approximately $1,096,000. Los Angeles Capital Management LLC owned approximately 0.17% of SkyWater Technology at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SKYT. Quarry LP purchased a new position in shares of SkyWater Technology in the 3rd quarter worth approximately $35,000. Allworth Financial LP bought a new position in SkyWater Technology during the third quarter valued at $41,000. Quantbot Technologies LP bought a new position in SkyWater Technology during the third quarter valued at $120,000. Olympiad Research LP bought a new stake in shares of SkyWater Technology in the 3rd quarter worth about $126,000. Finally, Entropy Technologies LP purchased a new position in shares of SkyWater Technology during the 4th quarter worth about $151,000. Institutional investors own 70.00% of the company's stock.

Insiders Place Their Bets

In related news, Director Loren A. Unterseher sold 7,761 shares of SkyWater Technology stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total value of $71,944.47. Following the completion of the sale, the director now directly owns 12,806,264 shares in the company, valued at $118,714,067.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 42.55% of the company's stock.

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Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "buy" rating and issued a $12.00 price objective on shares of SkyWater Technology in a research report on Thursday, February 27th.

SkyWater Technology Trading Down 1.4 %

SkyWater Technology stock traded down $0.12 during mid-day trading on Wednesday, hitting $8.51. The company's stock had a trading volume of 519,818 shares, compared to its average volume of 711,027. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The company has a 50 day moving average of $11.07 and a 200-day moving average of $10.04. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The stock has a market cap of $405.55 million, a PE ratio of -24.31 and a beta of 3.36.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.10. The firm had revenue of $75.49 million during the quarter, compared to analyst estimates of $74.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. On average, research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

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.