Tudor Investment Corp ET AL Invests $1.51 Million in SkyWater Technology, Inc. (NASDAQ:SKYT)

Tudor Investment Corp ET AL bought a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 109,401 shares of the company's stock, valued at approximately $1,510,000. Tudor Investment Corp ET AL owned 0.23% of SkyWater Technology at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SKYT. Geode Capital Management LLC increased its holdings in SkyWater Technology by 6.4% in the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company's stock worth $5,330,000 after buying an additional 35,219 shares during the last quarter. Barclays PLC increased its stake in shares of SkyWater Technology by 167.0% during the 3rd quarter. Barclays PLC now owns 47,204 shares of the company's stock worth $429,000 after purchasing an additional 29,523 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of SkyWater Technology during the 4th quarter valued at $225,000. Strategic Blueprint LLC acquired a new stake in shares of SkyWater Technology in the 4th quarter valued at $210,000. Finally, Entropy Technologies LP bought a new stake in SkyWater Technology in the fourth quarter worth $151,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

SkyWater Technology Price Performance

SKYT stock remained flat at $7.61 during mid-day trading on Friday. 702,293 shares of the company's stock were exchanged, compared to its average volume of 571,370. The company has a market cap of $365.55 million, a price-to-earnings ratio of -21.74 and a beta of 3.40. The stock has a 50 day simple moving average of $7.30 and a 200-day simple moving average of $9.38. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78.

SkyWater Technology (NASDAQ:SKYT - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. On average, equities research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other SkyWater Technology news, 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 value of $104,164.84. Following the sale, the director now directly owns 14,285 shares in the company, valued at $115,851.35. This trade represents a 47.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 37.85% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC decreased their price target on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday. TD Cowen lowered their price target on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday.

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.