SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in SkyWater Technology, Inc. (NASDAQ:SKYT) by 47.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,400 shares of the company’s stock after selling 43,950 shares during the period. Victory Capital Management Inc.’s holdings in SkyWater Technology were worth $682,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SKYT. Quarry LP acquired a new stake in shares of SkyWater Technology during the third quarter valued at about $35,000. Quantbot Technologies LP acquired a new stake in SkyWater Technology in the third quarter worth approximately $120,000. Entropy Technologies LP acquired a new stake in SkyWater Technology in the fourth quarter worth approximately $151,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SkyWater Technology during the 3rd quarter valued at $202,000. Finally, Strategic Blueprint LLC acquired a new stake in SkyWater Technology during the 4th quarter valued at $210,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SkyWater Technology

In related news, Director Gregory B. Graves sold 12,844 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.11, for a total transaction of $104,164.84. Following the transaction, the director now directly owns 14,285 shares of the company’s stock, valued at $115,851.35. This represents a 47.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.55% of the stock is currently owned by insiders.

SkyWater Technology Price Performance

Shares of SKYT stock opened at $7.85 on Friday. The firm’s 50 day moving average price is $9.63 and its two-hundred day moving average price is $9.91. The stock has a market cap of $376.76 million, a PE ratio of -22.43 and a beta of 3.38. SkyWater Technology, Inc. has a 52-week low of $5.63 and a 52-week high of $19.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. The firm had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. As a group, analysts forecast that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

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

SkyWater Technology Company 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.