SkyWater Technology, Inc. $SKYT Stock Position Raised by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its position in SkyWater Technology, Inc. (NASDAQ:SKYT) by 42.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,680 shares of the company’s stock after purchasing an additional 17,226 shares during the period. SBI Securities Co. Ltd. owned about 0.12% of SkyWater Technology worth $1,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKYT. Cornerstone Investment Partners LLC purchased a new stake in shares of SkyWater Technology in the fourth quarter valued at $207,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SkyWater Technology by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,825 shares of the company’s stock valued at $705,000 after buying an additional 12,926 shares during the period. BIP Wealth LLC purchased a new stake in SkyWater Technology in the 4th quarter worth about $361,000. FNY Investment Advisers LLC lifted its stake in SkyWater Technology by 205.2% in the 4th quarter. FNY Investment Advisers LLC now owns 10,266 shares of the company’s stock worth $186,000 after acquiring an additional 6,902 shares in the last quarter. Finally, GSG Advisors LLC acquired a new stake in SkyWater Technology during the 4th quarter worth about $363,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SKYT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyWater Technology in a research note on Friday, March 27th. TD Cowen cut shares of SkyWater Technology from a “buy” rating to a “hold” rating and raised their price target for the stock from $24.00 to $35.00 in a report on Tuesday, January 27th. Stifel Nicolaus set a $35.00 price objective on shares of SkyWater Technology in a research report on Monday, January 26th. Craig Hallum lowered shares of SkyWater Technology from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, January 27th. Finally, Zacks Research upgraded shares of SkyWater Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, CFO Steve Manko sold 84,215 shares of SkyWater Technology stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $30.41, for a total value of $2,560,978.15. Following the completion of the sale, the chief financial officer directly owned 171,567 shares in the company, valued at $5,217,352.47. The trade was a 32.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 37.85% of the stock is owned by company insiders.

SkyWater Technology Stock Performance

Shares of SKYT stock opened at $33.06 on Friday. SkyWater Technology, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $36.27. The stock’s 50-day moving average is $29.80 and its two-hundred day moving average is $25.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.52. The firm has a market cap of $1.63 billion, a P/E ratio of 13.60 and a beta of 3.30.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). SkyWater Technology had a net margin of 26.90% and a negative return on equity of 6.89%. The firm had revenue of $171.04 million for the quarter, compared to analyst estimates of $160.05 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Analysts predict that SkyWater Technology, Inc. will post -0.42 earnings per share for the current fiscal year.

About SkyWater Technology

SkyWater Technology Solutions, Inc is a U.S.-based specialty semiconductor foundry headquartered in Bloomington, Minnesota. The company focuses on the development and manufacture of high-reliability integrated circuits using advanced processes on 200-millimeter wafers.

SkyWater’s service offerings span analog/mixed-signal, radio frequency (RF), micro-electromechanical systems (MEMS) and advanced packaging technologies. Its turnkey model includes multi-project wafer (MPW) runs, volume production, design enablement support and assembly and test services, enabling customers to take concepts from prototype to market.

Serving aerospace, defense, automotive, industrial, medical and communications sectors, SkyWater supports applications that demand rigorous performance, quality and traceability.