109,401 Shares in SkyWater Technology, Inc. (NASDAQ:SKYT) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its position in SkyWater Technology by 64.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company's stock valued at $39,000 after purchasing an additional 1,113 shares during the period. BIT Capital GmbH bought a new stake in shares of SkyWater Technology during the fourth quarter worth about $143,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of SkyWater Technology in the 4th quarter worth about $147,000. Entropy Technologies LP bought a new position in SkyWater Technology in the 4th quarter valued at about $151,000. Finally, Wells Fargo & Company MN boosted its stake in SkyWater Technology by 51.1% during the 4th quarter. Wells Fargo & Company MN now owns 12,826 shares of the company's stock valued at $177,000 after purchasing an additional 4,338 shares during the last quarter. Institutional investors own 70.00% of the company's stock.

SkyWater Technology Stock Up 0.1 %

Shares of SKYT stock traded up $0.01 on Wednesday, hitting $7.25. The stock had a trading volume of 757,456 shares, compared to its average volume of 579,172. SkyWater Technology, Inc. has a 12-month low of $5.63 and a 12-month high of $19.00. The stock has a market cap of $348.25 million, a price-to-earnings ratio of -20.71 and a beta of 3.40. The business has a 50 day moving average of $7.33 and a 200 day moving average of $9.42. 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 announced its earnings results on Wednesday, May 7th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. As a group, analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at SkyWater Technology

In related news, Director Gregory B. Graves sold 12,844 shares of the firm's stock in a transaction dated 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 sale, 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 filing with the SEC, which is accessible through this link. Company insiders own 37.85% of the company's stock.

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.