SkyWater Technology, Inc. (NASDAQ:SKYT) Position Trimmed by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 11.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 988,154 shares of the company’s stock after selling 125,199 shares during the quarter. Emerald Advisers LLC’s holdings in SkyWater Technology were worth $13,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SKYT. Baillie Gifford & Co. boosted its holdings 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 buying an additional 658,431 shares in the last quarter. UNICOM Systems Inc. bought a new stake in SkyWater Technology during the fourth quarter worth approximately $1,728,000. Los Angeles Capital Management LLC bought a new stake in SkyWater Technology during the fourth quarter worth approximately $1,096,000. SBI Securities Co. Ltd. bought a new stake in SkyWater Technology during the fourth quarter worth approximately $572,000. Finally, Vanguard Group Inc. boosted its holdings 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 buying an additional 40,060 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other SkyWater Technology 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 sale, the director now owns 14,285 shares in the company, valued at $115,851.35. This represents a 47.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.55% of the company’s stock.

SkyWater Technology Trading Down 0.3 %

SkyWater Technology stock opened at $7.85 on Friday. The company has a 50 day moving average price of $9.63 and a 200 day moving average price of $9.92. SkyWater Technology, Inc. has a 52 week low of $5.63 and a 52 week high of $19.00. 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 firm has a market capitalization of $376.76 million, a price-to-earnings ratio of -22.43 and a beta of 3.38.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 EPS 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 during the quarter, compared to analyst estimates of $74.25 million. Research analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

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