SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 988,154 shares of the company’s stock after selling 125,199 shares during the quarter. Emerald Advisers LLC owned approximately 2.07% of SkyWater Technology worth $13,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baillie Gifford & Co. raised its stake in 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 acquiring an additional 658,431 shares during the period. Vanguard Group Inc. raised its stake in SkyWater Technology by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company’s stock worth $19,993,000 after acquiring an additional 40,060 shares during the period. Geode Capital Management LLC raised its stake in SkyWater Technology by 6.4% during the third 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 during the period. State Street Corp raised 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 acquiring an additional 21,134 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 acquiring an additional 3,321 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

SkyWater Technology Price Performance

Shares of NASDAQ:SKYT opened at $7.85 on Friday. The firm’s 50 day moving average is $9.63 and its two-hundred day moving average is $9.92. SkyWater Technology, Inc. has a 52 week low of $5.63 and a 52 week high of $19.00. The firm has a market capitalization of $376.76 million, a P/E ratio of -22.43 and a beta of 3.38. 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 announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, beating 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 analyst estimates of $74.25 million. Analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of SkyWater Technology in a research note on Thursday, February 27th.

Insider Activity

In other news, Director Gregory B. Graves sold 12,844 shares of the 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 completion of the transaction, the director now directly owns 14,285 shares in the company, valued at $115,851.35. This trade represents a 47.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.55% of the company’s stock.

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.