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

D. E. Shaw & Co. Inc. grew its holdings in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 89.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,473 shares of the company's stock after purchasing an additional 83,544 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.37% of SkyWater Technology worth $2,435,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SKYT. SG Americas Securities LLC acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $225,000. Strategic Blueprint LLC purchased a new position in shares of SkyWater Technology during the fourth quarter valued at approximately $210,000. Entropy Technologies LP purchased a new position in shares of SkyWater Technology during the fourth quarter valued at approximately $151,000. UNICOM Systems Inc. purchased a new position in shares of SkyWater Technology during the fourth quarter valued at approximately $1,728,000. Finally, Baillie Gifford & Co. lifted 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 buying an additional 658,431 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Loren A. Unterseher sold 134,049 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $9.41, for a total value of $1,261,401.09. Following the transaction, the director now owns 11,026,783 shares of the company's stock, valued at approximately $103,762,028.03. This trade represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory B. Graves sold 12,844 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.11, for a total transaction of $104,164.84. Following the completion of the transaction, the director now directly owns 14,285 shares in the company, valued at approximately $115,851.35. This represents a 47.34% decrease in their position. The disclosure for this sale can be found here. 37.85% of the stock is currently owned by insiders.

SkyWater Technology Trading Down 1.3%

NASDAQ:SKYT traded down $0.12 during trading hours on Friday, reaching $9.00. 747,050 shares of the company were exchanged, compared to its average volume of 578,329. 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 firm has a market cap of $432.32 million, a price-to-earnings ratio of -25.71 and a beta of 3.40. SkyWater Technology, Inc. has a 52-week low of $5.63 and a 52-week high of $19.00. The stock has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $9.28.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last posted its quarterly 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 company 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%. As a group, analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKYT. TD Cowen reduced their price objective on shares of SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reduced their price objective on shares of SkyWater Technology from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

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.