SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,473 shares of the company's stock after buying an additional 83,544 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.37% of SkyWater Technology worth $2,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SKYT. Baillie Gifford & Co. raised its stake 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 valued at $22,981,000 after purchasing an additional 658,431 shares during the period. Vanguard Group Inc. increased its stake in SkyWater Technology by 2.8% during the 4th 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 during the period. Trexquant Investment LP boosted its position in SkyWater Technology by 169.7% in the 4th quarter. Trexquant Investment LP now owns 236,498 shares of the company's stock valued at $3,264,000 after buying an additional 148,802 shares during the last quarter. Northern Trust Corp grew its stake in shares of SkyWater Technology by 5.1% during the fourth quarter. Northern Trust Corp now owns 221,739 shares of the company's stock valued at $3,060,000 after acquiring an additional 10,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

SkyWater Technology Stock Down 1.3%

SKYT stock traded down $0.12 during mid-day trading on Monday, hitting $9.00. 747,050 shares of the company were exchanged, compared to its average volume of 579,405. The firm has a fifty day simple moving average of $7.42 and a 200 day simple moving average of $9.26. The company has a market capitalization of $432.32 million, a PE ratio of -25.71 and a beta of 3.40. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.10. The business had revenue of $75.49 million during the quarter, compared to the consensus estimate 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, research analysts forecast that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Gregory B. Graves sold 12,844 shares of SkyWater Technology 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 transaction, the director now 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 through this link. Also, Director Loren A. Unterseher sold 134,049 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $9.41, for a total transaction of $1,261,401.09. Following the sale, the director now directly owns 11,026,783 shares in the company, valued at $103,762,028.03. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.85% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on SKYT shares. TD Cowen reduced their price target on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC cut their target price on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

SkyWater Technology 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.