SkyWater Technology, Inc. (NASDAQ:SKYT) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,448,738 shares of the company's stock after acquiring an additional 40,060 shares during the quarter. Vanguard Group Inc. owned 3.04% of SkyWater Technology worth $19,993,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SKYT. Baillie Gifford & Co. boosted its stake in shares of SkyWater Technology by 65.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock valued at $22,981,000 after buying an additional 658,431 shares during the last quarter. UNICOM Systems Inc. acquired a new position in SkyWater Technology during the 4th quarter worth $1,728,000. Los Angeles Capital Management LLC bought a new stake in shares of SkyWater Technology in the 4th quarter worth about $1,096,000. SBI Securities Co. Ltd. acquired a new stake in SkyWater Technology during the fourth quarter valued at approximately $572,000. Finally, Geode Capital Management LLC grew its position in shares of SkyWater Technology by 6.4% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Wall Street Analyst Weigh In

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

SkyWater Technology Price Performance

Shares of NASDAQ SKYT traded up $0.14 during mid-day trading on Tuesday, reaching $6.65. 326,450 shares of the company traded hands, compared to its average volume of 566,088. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The firm has a market cap of $319.43 million, a PE ratio of -19.00 and a beta of 3.41. The stock has a fifty day simple moving average of $7.88 and a 200-day simple moving average of $9.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $74.25 million. Equities research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at SkyWater Technology

In other news, Director Gregory B. Graves sold 12,844 shares of the stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at approximately $115,851.35. This represents a 47.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.55% of the stock is owned by corporate insiders.

SkyWater Technology 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.