SBI Securities Co. Ltd. Buys Shares of 41,426 SkyWater Technology, Inc. (NASDAQ:SKYT)

SBI Securities Co. Ltd. bought a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,426 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKYT. Geode Capital Management LLC boosted its stake in shares of SkyWater Technology by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 586,933 shares of the company’s stock worth $5,330,000 after acquiring an additional 35,219 shares in the last quarter. UNICOM Systems Inc. acquired a new position in shares of SkyWater Technology during the 4th quarter valued at about $1,728,000. SG Americas Securities LLC acquired a new position in shares of SkyWater Technology during the 4th quarter valued at about $225,000. Baillie Gifford & Co. increased its holdings in shares of SkyWater Technology by 65.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock valued at $22,981,000 after acquiring an additional 658,431 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of SkyWater Technology by 167.0% during the 3rd quarter. Barclays PLC now owns 47,204 shares of the company’s stock valued at $429,000 after acquiring an additional 29,523 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Activity at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the sale, the director now owns 12,806,264 shares in the company, valued at $118,714,067.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of SkyWater Technology in a report on Thursday, February 27th.

SkyWater Technology Stock Performance

Shares of NASDAQ SKYT opened at $8.63 on Wednesday. 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 cap of $411.27 million, a price-to-earnings ratio of -24.66 and a beta of 3.36. The business’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $10.05. SkyWater Technology, Inc. has a 52 week low of $5.63 and a 52 week high of $19.00.

SkyWater Technology (NASDAQ:SKYT) last announced its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share 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 firm had revenue of $75.49 million during the quarter, compared to the consensus estimate of $74.25 million. As a group, equities research analysts expect that SkyWater Technology, Inc. will post -0.22 earnings per share for the current fiscal year.

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.