EAM Investors LLC Acquires Shares of 61,570 SkyWater Technology, Inc. (NASDAQ:SKYT)

EAM Investors LLC acquired a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,570 shares of the company's stock, valued at approximately $850,000. EAM Investors LLC owned 0.13% of SkyWater Technology at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of SkyWater Technology by 65.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company's stock valued at $22,981,000 after purchasing an additional 658,431 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of SkyWater Technology by 2.8% during the 4th 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 grew its holdings in shares of 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 purchasing an additional 35,219 shares in the last quarter. State Street Corp increased its position in shares of SkyWater Technology by 4.7% in 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, Trexquant Investment LP raised its stake in SkyWater Technology by 169.7% in the fourth quarter. Trexquant Investment LP now owns 236,498 shares of the company's stock valued at $3,264,000 after purchasing an additional 148,802 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.

Wall Street Analyst Weigh In

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

SkyWater Technology Price Performance

SKYT stock traded up $0.09 during mid-day trading on Tuesday, hitting $6.60. 81,054 shares of the stock were exchanged, compared to its average volume of 563,855. The business has a fifty day moving average price of $7.94 and a 200 day moving average price of $9.60. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $317.03 million, a price-to-earnings ratio of -18.85 and a beta of 3.41.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last released 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 return on equity of 12.40% and a negative net margin of 4.75%. The company had revenue of $75.49 million during the quarter, compared to the consensus estimate of $74.25 million. On average, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Activity

In other SkyWater Technology news, Director Gregory B. Graves sold 12,844 shares of the business's stock in a transaction 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 directly owns 14,285 shares of the company's stock, valued at $115,851.35. The trade was a 47.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.55% of the stock is owned by corporate insiders.

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.