39,598 Shares in SkyWater Technology, Inc. (NASDAQ:SKYT) Purchased by Franklin Resources Inc.

Franklin Resources Inc. bought a new position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,598 shares of the company's stock, valued at approximately $546,000. Franklin Resources Inc. owned 0.08% of SkyWater Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BIT Capital GmbH acquired a new position in shares of SkyWater Technology during the fourth quarter worth about $143,000. Entropy Technologies LP bought a new stake in SkyWater Technology in the 4th quarter valued at approximately $151,000. Virtu Financial LLC acquired a new position in SkyWater Technology during the 4th quarter worth approximately $200,000. Strategic Blueprint LLC bought a new position in shares of SkyWater Technology during the 4th quarter worth approximately $210,000. Finally, SG Americas Securities LLC acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $225,000. Institutional investors and hedge funds own 70.00% of the company's stock.

SkyWater Technology Stock Up 2.2 %

SKYT traded up $0.14 on Tuesday, hitting $6.65. 326,450 shares of the company were exchanged, compared to its average volume of 566,088. 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 stock's fifty day moving average is $7.88 and its 200-day moving average is $9.58. The company has a market cap of $319.43 million, a PE ratio of -19.00 and a beta of 3.41. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00.

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, beating the consensus estimate 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. Equities research analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at SkyWater Technology

In related news, Director Gregory B. Graves sold 12,844 shares of SkyWater Technology stock in a transaction dated Friday, March 14th. The stock was 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 owns 14,285 shares in the company, valued at approximately $115,851.35. This trade represents a 47.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.55% of the company's stock.

Analyst Upgrades and Downgrades

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

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.