BIT Capital GmbH Takes $143,000 Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

BIT Capital GmbH purchased a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,328 shares of the company’s stock, valued at approximately $143,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKYT. Baillie Gifford & Co. raised its position in shares of SkyWater Technology by 65.4% in 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 in the last quarter. Vanguard Group Inc. increased its stake 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 acquiring an additional 40,060 shares during the last quarter. Geode Capital Management LLC raised its position in SkyWater Technology by 6.4% during the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company’s stock valued at $5,330,000 after purchasing an additional 35,219 shares in the last quarter. State Street Corp lifted its stake in SkyWater Technology by 4.7% during the third quarter. State Street Corp now owns 473,475 shares of the company’s stock worth $4,299,000 after purchasing an additional 21,134 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in SkyWater Technology by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 202,639 shares of the company’s stock worth $2,796,000 after purchasing an additional 3,321 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity

In other news, Director Gregory B. Graves sold 12,844 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is available through this hyperlink. Insiders own 42.55% of the company’s stock.

SkyWater Technology Trading Down 3.6 %

Shares of SkyWater Technology stock opened at $7.76 on Thursday. The firm’s 50 day moving average is $9.42 and its 200 day moving average is $9.92. The firm has a market capitalization of $372.44 million, a PE ratio of -22.17 and a beta of 3.38. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year high of $19.00. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53.

SkyWater Technology (NASDAQ:SKYT) last posted its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $75.49 million for the quarter, compared to analysts’ expectations of $74.25 million. Equities research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About SkyWater Technology

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.