964,800 Shares in SkyWater Technology, Inc. (NASDAQ:SKYT) Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. acquired a new stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 964,800 shares of the company's stock, valued at approximately $9,281,000. Baillie Gifford & Co. owned approximately 2.05% of SkyWater Technology as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SKYT. American International Group Inc. raised its holdings in shares of SkyWater Technology by 26.2% in the 2nd quarter. American International Group Inc. now owns 5,061 shares of the company's stock worth $30,000 after acquiring an additional 1,051 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of SkyWater Technology by 47.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,736 shares of the company's stock worth $29,000 after purchasing an additional 1,201 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of SkyWater Technology by 48.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,879 shares of the company's stock valued at $34,000 after purchasing an additional 1,590 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SkyWater Technology by 50.9% during the second quarter. JPMorgan Chase & Co. now owns 5,781 shares of the company's stock valued at $35,000 after buying an additional 1,950 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in SkyWater Technology by 13.0% during the first quarter. Rhumbline Advisers now owns 17,936 shares of the company's stock worth $204,000 after buying an additional 2,070 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

SkyWater Technology Stock Performance

Shares of SKYT traded down $0.01 on Thursday, reaching $9.93. 264,511 shares of the company's stock traded hands, compared to its average volume of 430,846. The stock's 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $8.30. The stock has a market cap of $469.49 million, a PE ratio of -14.82 and a beta of 4.28. SkyWater Technology, Inc. has a 52-week low of $4.73 and a 52-week high of $12.97. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.12. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $74.90 million. SkyWater Technology had a negative return on equity of 30.58% and a negative net margin of 10.73%. On average, analysts forecast that SkyWater Technology, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SKYT has been the topic of several recent analyst reports. TD Cowen raised their price objective on SkyWater Technology from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Piper Sandler raised their price target on shares of SkyWater Technology from $9.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Finally, Needham & Company LLC boosted their price target on shares of SkyWater Technology from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th.

Insider Activity at SkyWater Technology

In other news, Director Loren A. Unterseher sold 368,709 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $12.14, for a total transaction of $4,476,127.26. Following the completion of the transaction, the director now directly owns 13,022,293 shares of the company's stock, valued at approximately $158,090,637.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Loren A. Unterseher sold 368,709 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $12.14, for a total value of $4,476,127.26. Following the sale, the director now owns 13,022,293 shares of the company's stock, valued at $158,090,637.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Sonderman sold 18,989 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $10.01, for a total transaction of $190,079.89. Following the sale, the chief executive officer now directly owns 498,413 shares in the company, valued at approximately $4,989,114.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,429 shares of company stock worth $4,959,469. 50.34% of the stock is owned by company insiders.

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.