Deutsche Bank AG grew its position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 605.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,605 shares of the company's stock after buying an additional 71,750 shares during the quarter. Deutsche Bank AG owned 0.18% of SkyWater Technology worth $1,154,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its position in shares of SkyWater Technology by 89.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 176,473 shares of the company's stock valued at $2,435,000 after acquiring an additional 83,544 shares in the last quarter. Centiva Capital LP acquired a new position in shares of SkyWater Technology in the fourth quarter valued at approximately $423,000. Bank of America Corp DE lifted its stake in shares of SkyWater Technology by 394.2% during the fourth quarter. Bank of America Corp DE now owns 163,645 shares of the company's stock valued at $2,258,000 after buying an additional 130,529 shares during the period. BNP Paribas Financial Markets acquired a new stake in SkyWater Technology during the fourth quarter worth approximately $50,000. Finally, Ameriprise Financial Inc. acquired a new stake in SkyWater Technology during the fourth quarter worth approximately $191,000. Institutional investors and hedge funds own 70.00% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on SKYT. TD Cowen cut 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 dropped their target price on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.
View Our Latest Stock Report on SkyWater Technology
Insider Activity
In other news, Director Gregory B. Graves sold 12,844 shares of SkyWater Technology 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 completion of the transaction, the director now owns 14,285 shares in the company, valued at approximately $115,851.35. This trade represents a 47.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Loren A. Unterseher sold 134,049 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $9.41, for a total transaction of $1,261,401.09. Following the sale, the director now owns 11,026,783 shares of the company's stock, valued at approximately $103,762,028.03. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 599,784 shares of company stock valued at $5,682,687 in the last three months. Corporate insiders own 37.85% of the company's stock.
SkyWater Technology Trading Down 1.0%
SkyWater Technology stock traded down $0.09 during trading on Friday, reaching $8.97. The company had a trading volume of 191,932 shares, compared to its average volume of 676,723. 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 $430.87 million, a price-to-earnings ratio of -25.63 and a beta of 3.40. SkyWater Technology, Inc. has a 12-month low of $5.63 and a 12-month high of $19.00. The stock's 50 day moving average price is $7.50 and its two-hundred day moving average price is $9.27.
SkyWater Technology (NASDAQ:SKYT - Get Free Report) last released 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 return on equity of 12.40% and a negative net margin of 4.75%. The business had revenue of $75.49 million during the quarter, compared to the consensus estimate of $74.25 million. As a group, equities analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.
About SkyWater Technology
(
Free Report)
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.
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