Emerald Mutual Fund Advisers Trust Cuts Stake in SkyWater Technology, Inc. (NASDAQ:SKYT)

Emerald Mutual Fund Advisers Trust lowered its position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 29.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 599,742 shares of the company's stock after selling 247,110 shares during the period. Emerald Mutual Fund Advisers Trust owned about 1.26% of SkyWater Technology worth $8,276,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted 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 during the period. SBI Securities Co. Ltd. purchased a new stake in SkyWater Technology in the 4th quarter worth approximately $572,000. UNICOM Systems Inc. bought a new stake in shares of SkyWater Technology in the 4th quarter worth approximately $1,728,000. Vanguard Group Inc. increased its stake in shares of SkyWater Technology by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company's stock valued at $19,993,000 after buying an additional 40,060 shares during the period. Finally, Trexquant Investment LP raised its holdings in shares of SkyWater Technology by 169.7% during the fourth quarter. Trexquant Investment LP now owns 236,498 shares of the company's stock valued at $3,264,000 after acquiring an additional 148,802 shares in the last quarter. Institutional investors own 70.00% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Gregory B. Graves sold 12,844 shares of the business'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 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 37.85% of the company's stock.

SkyWater Technology Stock Up 3.6 %

Shares of NASDAQ SKYT traded up $0.26 during mid-day trading on Friday, hitting $7.54. 424,641 shares of the stock traded hands, compared to its average volume of 576,193. The company has a market cap of $362.18 million, a price-to-earnings ratio of -21.54 and a beta of 3.41. The stock has a fifty day moving average price of $7.50 and a 200-day moving average price of $9.49. 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.

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. The firm had revenue of $75.49 million for the quarter, compared to the consensus estimate of $74.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. Research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

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.