BIT Capital GmbH Makes New $143,000 Investment in SkyWater Technology, Inc. (NASDAQ:SKYT)

BIT Capital GmbH purchased a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,328 shares of the company’s stock, valued at approximately $143,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in SkyWater Technology by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company’s stock valued at $19,993,000 after acquiring an additional 40,060 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of SkyWater Technology in the 4th quarter worth approximately $338,000. Virtu Financial LLC bought a new stake in shares of SkyWater Technology in the 4th quarter valued at $200,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SkyWater Technology by 142.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,920 shares of the company’s stock worth $744,000 after buying an additional 31,700 shares during the period. Finally, AlphaQuest LLC raised its stake in SkyWater Technology by 1,457.6% during the fourth quarter. AlphaQuest LLC now owns 16,729 shares of the company’s stock worth $231,000 after buying an additional 15,655 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

SkyWater Technology Trading Down 3.6 %

Shares of SKYT stock opened at $7.76 on Thursday. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two 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. The stock has a 50 day simple moving average of $9.42 and a two-hundred day simple moving average of $9.92. The company has a market cap of $372.44 million, a P/E ratio of -22.17 and a beta of 3.38.

SkyWater Technology (NASDAQ:SKYT) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10. The company had revenue of $75.49 million during 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%. Research analysts forecast 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 stock was 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 in the company, 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 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.