Trexquant Investment LP Purchases 148,802 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT)

Trexquant Investment LP boosted its position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 169.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of SkyWater Technology by 6.4% in the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company’s stock valued at $5,330,000 after acquiring an additional 35,219 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in SkyWater Technology in the 4th quarter valued at $572,000. UNICOM Systems Inc. bought a new position in SkyWater Technology in the 4th quarter valued at $1,728,000. SG Americas Securities LLC acquired a new position in SkyWater Technology in the fourth quarter worth $225,000. Finally, Baillie Gifford & Co. grew 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 worth $22,981,000 after purchasing an additional 658,431 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Gregory B. Graves sold 12,844 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 of the company’s stock, valued at approximately $115,851.35. This trade represents a 47.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.55% of the stock is owned by corporate insiders.

SkyWater Technology Stock Down 4.5 %

NASDAQ:SKYT opened at $6.10 on Monday. The company has a market cap of $292.77 million, a price-to-earnings ratio of -17.43 and a beta of 3.41. 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 stock’s fifty day moving average price is $8.78 and its two-hundred day moving average price is $9.81. SkyWater Technology, Inc. has a 52-week low of $5.63 and a 52-week high of $19.00.

SkyWater Technology (NASDAQ:SKYT) last posted 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. The business had revenue of $75.49 million for the quarter, compared to analysts’ expectations of $74.25 million. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. On average, analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target 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.