Trexquant Investment LP lifted its position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 169.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,498 shares of the company's stock after purchasing an additional 148,802 shares during the period. Trexquant Investment LP owned about 0.50% of SkyWater Technology worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of SkyWater Technology by 65.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock worth $22,981,000 after acquiring an additional 658,431 shares during the period. UNICOM Systems Inc. acquired a new position in SkyWater Technology in the 4th quarter worth about $1,728,000. Los Angeles Capital Management LLC acquired a new position in SkyWater Technology in the 4th quarter worth about $1,096,000. SBI Securities Co. Ltd. purchased a new position in SkyWater Technology during the fourth quarter worth approximately $572,000. Finally, Vanguard Group Inc. grew its holdings in SkyWater Technology by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company's stock valued at $19,993,000 after purchasing an additional 40,060 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at SkyWater Technology
In other news, Director Gregory B. Graves sold 12,844 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.11, for a total transaction of $104,164.84. Following the completion of the sale, the director now owns 14,285 shares of the company's stock, valued at $115,851.35. This represents a 47.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.55% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 target price on shares of SkyWater Technology in a research note on Thursday, February 27th.
Read Our Latest Report on SKYT
SkyWater Technology Price Performance
Shares of SKYT stock traded up $0.05 on Friday, reaching $6.77. 436,358 shares of the company were exchanged, compared to its average volume of 561,658. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year 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. The business has a 50-day moving average price of $8.31 and a 200 day moving average price of $9.68. The company has a market cap of $324.93 million, a price-to-earnings ratio of -19.34 and a beta of 3.41.
SkyWater Technology (NASDAQ:SKYT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.10. The company had revenue of $75.49 million during the quarter, compared to analyst estimates of $74.25 million. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. Equities research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.
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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