SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Sold by TCG Advisory Services LLC

TCG Advisory Services LLC decreased its position in SkyWater Technology, Inc. (NASDAQ:SKYT) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,000 shares of the company’s stock after selling 22,000 shares during the quarter. TCG Advisory Services LLC owned about 0.46% of SkyWater Technology worth $2,068,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Emerald Advisers LLC lifted its position in shares of SkyWater Technology by 17.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,129,507 shares of the company’s stock valued at $6,800,000 after acquiring an additional 167,290 shares during the last quarter. Baillie Gifford & Co. acquired a new position in shares of SkyWater Technology in the 4th quarter valued at $9,281,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of SkyWater Technology by 15.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 869,817 shares of the company’s stock valued at $5,236,000 after purchasing an additional 117,081 shares during the period. Victory Capital Management Inc. increased its stake in SkyWater Technology by 17.6% in the 4th quarter. Victory Capital Management Inc. now owns 94,800 shares of the company’s stock worth $912,000 after purchasing an additional 14,163 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in SkyWater Technology by 83.7% during the 3rd quarter. Federated Hermes Inc. now owns 80,000 shares of the company’s stock worth $482,000 after buying an additional 36,443 shares during the period. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Stock Down 1.3 %

Shares of SKYT traded down $0.13 during trading hours on Friday, reaching $10.23. The company’s stock had a trading volume of 396,505 shares, compared to its average volume of 259,290. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market cap of $484.29 million, a price-to-earnings ratio of -15.27 and a beta of 4.18. The company has a 50 day moving average of $10.24 and a two-hundred day moving average of $8.71. SkyWater Technology, Inc. has a 1-year low of $4.73 and a 1-year high of $12.97.

SkyWater Technology (NASDAQ:SKYT) last released its earnings results on Monday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. SkyWater Technology had a negative net margin of 10.73% and a negative return on equity of 30.58%. The company had revenue of $79.15 million during the quarter, compared to the consensus estimate of $74.90 million. As a group, research analysts predict that SkyWater Technology, Inc. will post -0.05 EPS for the current fiscal year.

Insider Activity at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 368,709 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $12.14, for a total value of $4,476,127.26. Following the transaction, the director now directly owns 13,022,293 shares of the company’s stock, valued at approximately $158,090,637.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other SkyWater Technology news, Director Loren A. Unterseher sold 368,709 shares of SkyWater Technology stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $12.14, for a total value of $4,476,127.26. Following the completion of the sale, the director now directly owns 13,022,293 shares in the company, valued at $158,090,637.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Loren A. Unterseher sold 10,520 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $11.50, for a total transaction of $120,980.00. Following the transaction, the director now owns 13,441,773 shares in the company, valued at approximately $154,580,389.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 398,218 shares of company stock valued at $4,787,187. Insiders own 42.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SKYT. TD Cowen raised their target price on shares of SkyWater Technology from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Piper Sandler lifted their price objective on shares of SkyWater Technology from $9.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, Needham & Company LLC boosted their target price on shares of SkyWater Technology from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

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.