Trexquant Investment LP Has $3.26 Million Stock Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

Trexquant Investment LP increased its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 169.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 236,498 shares of the company’s stock after acquiring an additional 148,802 shares during the quarter. Trexquant Investment LP’s holdings in SkyWater Technology were worth $3,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYT. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 35,219 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SkyWater Technology in the 4th quarter valued at approximately $572,000. UNICOM Systems Inc. bought a new stake in SkyWater Technology during the 4th quarter worth approximately $1,728,000. SG Americas Securities LLC bought a new stake in SkyWater Technology during the 4th quarter worth approximately $225,000. Finally, Baillie Gifford & Co. raised 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 period. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at SkyWater Technology

In related news, Director Gregory B. Graves sold 12,844 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.11, for a total transaction of $104,164.84. Following the sale, the director now owns 14,285 shares in the company, valued at approximately $115,851.35. This represents a 47.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.55% of the stock is owned by insiders.

SkyWater Technology Stock Performance

Shares of SkyWater Technology stock opened at $6.10 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market cap of $292.77 million, a price-to-earnings ratio of -17.43 and a beta of 3.41. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The stock’s 50-day moving average is $8.78 and its 200-day moving average is $9.81.

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

About SkyWater Technology

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.