SBI Securities Co. Ltd. bought a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,426 shares of the company's stock, valued at approximately $572,000. SBI Securities Co. Ltd. owned 0.09% of SkyWater Technology at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in SKYT. Baillie Gifford & Co. boosted its holdings in SkyWater Technology by 65.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock worth $22,981,000 after buying an additional 658,431 shares during the period. UNICOM Systems Inc. purchased a new position in shares of SkyWater Technology in the fourth quarter valued at about $1,728,000. Los Angeles Capital Management LLC purchased a new position in shares of SkyWater Technology in the fourth quarter valued at about $1,096,000. Geode Capital Management LLC boosted its stake in shares of SkyWater Technology by 6.4% in the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company's stock worth $5,330,000 after acquiring an additional 35,219 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of SkyWater Technology by 20.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 199,318 shares of the company's stock worth $1,810,000 after purchasing an additional 34,383 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.
SkyWater Technology Price Performance
SKYT stock traded up $0.09 during mid-day trading on Friday, hitting $8.24. The company had a trading volume of 499,322 shares, compared to its average volume of 698,548. The company has a market capitalization of $392.69 million, a price-to-earnings ratio of -23.54 and a beta of 3.38. The company has a 50-day moving average price of $10.91 and a 200 day moving average price of $10.02. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a 12-month low of $5.63 and a 12-month high of $19.00.
SkyWater Technology (NASDAQ:SKYT - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.10. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. The company had revenue of $75.49 million for the quarter, compared to the consensus estimate of $74.25 million. On average, research analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.
Analyst Ratings Changes
Separately, Needham & Company LLC reissued a "buy" rating and issued a $12.00 price target on shares of SkyWater Technology in a report on Thursday, February 27th.
Read Our Latest Stock Analysis on SkyWater Technology
Insider Buying and Selling at SkyWater Technology
In other news, Director Loren A. Unterseher sold 7,761 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was 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 of the company's stock, valued at approximately $118,714,067.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 42.55% of the company's stock.
About SkyWater Technology
(
Free Report)
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.
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