16,284 Shares in SkyWater Technology, Inc. (NASDAQ:SKYT) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,284 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of SkyWater Technology by 6.4% during 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. nVerses Capital LLC purchased a new position in shares of SkyWater Technology during the third quarter valued at approximately $60,000. AQR Capital Management LLC grew its stake in shares of SkyWater Technology by 183.6% during the second quarter. AQR Capital Management LLC now owns 119,828 shares of the company’s stock valued at $917,000 after buying an additional 77,571 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of SkyWater Technology during the second quarter valued at $88,000. Finally, Barclays PLC raised its stake in shares of SkyWater Technology by 167.0% during the third quarter. Barclays PLC now owns 47,204 shares of the company’s stock valued at $429,000 after acquiring an additional 29,523 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SKYT. Piper Sandler lifted their price objective on shares of SkyWater Technology from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of SkyWater Technology in a research report on Monday, November 11th.

Insiders Place Their Bets

In related news, Director Loren A. Unterseher sold 7,761 shares of SkyWater Technology stock in a transaction that occurred on Friday, December 13th. The shares were 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. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.55% of the company’s stock.

SkyWater Technology Trading Down 4.0 %

NASDAQ:SKYT opened at $9.73 on Friday. The stock has a market capitalization of $463.73 million, a price-to-earnings ratio of -27.80 and a beta of 3.37. SkyWater Technology, Inc. has a 52 week low of $5.63 and a 52 week high of $19.00. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $11.58 and a 200 day moving average of $9.80.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. The firm had revenue of $93.82 million during the quarter, compared to analysts’ expectations of $94.65 million. During the same quarter last year, the firm earned ($0.09) EPS. As a group, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal 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.