SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,639 shares of the company’s stock after purchasing an additional 3,321 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SkyWater Technology were worth $2,796,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in SkyWater Technology by 65.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock worth $22,981,000 after buying an additional 658,431 shares during the last quarter. UNICOM Systems Inc. acquired a new stake in shares of SkyWater Technology during the 4th quarter valued at approximately $1,728,000. Los Angeles Capital Management LLC bought a new position in SkyWater Technology during the fourth quarter worth $1,096,000. SBI Securities Co. Ltd. acquired a new position in SkyWater Technology in the fourth quarter worth $572,000. Finally, Geode Capital Management LLC boosted 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 purchasing an additional 35,219 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Gregory B. Graves sold 12,844 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.55% of the company’s stock.

Wall Street Analyst Weigh In

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

SkyWater Technology Stock Down 3.1 %

NASDAQ:SKYT opened at $7.52 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $9.34 and a 200-day moving average of $9.90. The firm has a market capitalization of $360.92 million, a PE ratio of -21.49 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.

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

SkyWater Technology 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.