Dimensional Fund Advisors LP Has $1.03 Million Holdings in SkyWater Technology, Inc. (NASDAQ:SKYT)

Dimensional Fund Advisors LP grew its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,321 shares of the company’s stock after purchasing an additional 3,170 shares during the period. Dimensional Fund Advisors LP’s holdings in SkyWater Technology were worth $1,026,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. EAM Investors LLC acquired a new stake in SkyWater Technology in the fourth quarter valued at approximately $850,000. XTX Topco Ltd raised its stake in SkyWater Technology by 45.1% during the fourth quarter. XTX Topco Ltd now owns 37,228 shares of the company’s stock worth $514,000 after buying an additional 11,578 shares during the last quarter. Barclays PLC raised its stake in SkyWater Technology by 27.7% during the fourth quarter. Barclays PLC now owns 60,260 shares of the company’s stock worth $832,000 after buying an additional 13,056 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in SkyWater Technology by 64.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company’s stock worth $39,000 after buying an additional 1,113 shares during the last quarter. Finally, MIG Capital LLC bought a new position in SkyWater Technology during the fourth quarter worth $378,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

SKYT has been the subject of several research analyst reports. Needham & Company LLC decreased their price target on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. TD Cowen decreased their price target on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

SkyWater Technology Stock Performance

Shares of SKYT stock opened at $8.15 on Friday. The stock has a market capitalization of $391.49 million, a P/E ratio of -23.29 and a beta of 3.40. 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 firm’s 50 day moving average is $7.30 and its 200 day moving average is $9.32. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings results 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 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%. On average, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling at SkyWater Technology

In other 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 value of $104,164.84. Following the completion of the sale, the director now directly owns 14,285 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 37.85% of the stock is currently owned by corporate insiders.

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.