SkyWater Technology, Inc. (NASDAQ:SKYT) Stock Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 47.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,400 shares of the company's stock after selling 43,950 shares during the period. Victory Capital Management Inc. owned 0.10% of SkyWater Technology worth $682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of SkyWater Technology by 65.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock valued at $22,981,000 after purchasing an additional 658,431 shares during the period. Geode Capital Management LLC increased its stake in SkyWater Technology by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 586,933 shares of the company's stock valued at $5,330,000 after buying an additional 35,219 shares during the period. State Street Corp raised its position in shares of SkyWater Technology by 4.7% during the 3rd quarter. State Street Corp now owns 473,475 shares of the company's stock worth $4,299,000 after buying an additional 21,134 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SkyWater Technology by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 202,639 shares of the company's stock worth $2,796,000 after acquiring an additional 3,321 shares during the period. Finally, UNICOM Systems Inc. acquired a new stake in shares of SkyWater Technology in the 4th quarter worth approximately $1,728,000. Institutional investors own 70.00% of the company's stock.

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SkyWater Technology Price Performance

NASDAQ:SKYT traded down $0.09 during mid-day trading on Tuesday, reaching $8.05. 567,889 shares of the stock were exchanged, compared to its average volume of 541,114. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $9.57 and a 200 day moving average price of $9.93. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $19.00. The firm has a market capitalization of $386.36 million, a PE ratio of -23.00 and a beta of 3.38.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. The company had revenue of $75.49 million for the quarter, compared to analysts' expectations of $74.25 million. Research analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gregory B. Graves sold 12,844 shares of SkyWater Technology stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.11, for a total value of $104,164.84. Following the transaction, the director now directly owns 14,285 shares in the company, valued at $115,851.35. The trade was a 47.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.55% of the company's stock.

Analyst Upgrades and Downgrades

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

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.