SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC lowered its stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 72.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,000 shares of the company’s stock after selling 123,500 shares during the period. HUB Investment Partners LLC owned 0.10% of SkyWater Technology worth $635,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of SkyWater Technology during the 3rd quarter worth approximately $35,000. Entropy Technologies LP acquired a new stake in SkyWater Technology during the fourth quarter worth $151,000. Quantbot Technologies LP purchased a new stake in SkyWater Technology in the third quarter valued at $120,000. Strategic Blueprint LLC acquired a new position in shares of SkyWater Technology in the 4th quarter valued at $210,000. Finally, SG Americas Securities LLC purchased a new position in shares of SkyWater Technology during the 4th quarter worth $225,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

SkyWater Technology Stock Down 0.3 %

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

SkyWater Technology (NASDAQ:SKYT) last posted its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 return on equity of 12.40% and a negative net margin of 4.75%. Research analysts anticipate that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Insider Activity

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 completion of the transaction, the director now owns 14,285 shares of the company’s stock, valued at $115,851.35. This trade represents a 47.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.55% of the company’s stock.

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.