SkyWater Technology, Inc. $SKYT Shares Acquired by Perkins Capital Management Inc.

by · The Cerbat Gem

Perkins Capital Management Inc. boosted its position in SkyWater Technology, Inc. (NASDAQ:SKYT – Free Report) by 86.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 170,050 shares of the company’s stock after purchasing an additional 78,800 shares during the period. SkyWater Technology comprises 2.8% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. Perkins Capital Management Inc.’s holdings in SkyWater Technology were worth $3,173,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Emerald Advisers LLC increased its position in SkyWater Technology by 36.2% in the second quarter. Emerald Advisers LLC now owns 1,362,983 shares of the company’s stock worth $13,412,000 after buying an additional 362,267 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SkyWater Technology by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,693,056 shares of the company’s stock worth $16,660,000 after acquiring an additional 229,954 shares during the last quarter. AQR Capital Management LLC raised its stake in SkyWater Technology by 112.0% in the 1st quarter. AQR Capital Management LLC now owns 313,993 shares of the company’s stock valued at $2,226,000 after acquiring an additional 165,865 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in SkyWater Technology by 18.6% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 714,144 shares of the company’s stock valued at $7,027,000 after purchasing an additional 111,847 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in SkyWater Technology by 405.4% during the second quarter. Squarepoint Ops LLC now owns 87,290 shares of the company’s stock valued at $859,000 after purchasing an additional 70,019 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SkyWater Technology

In related news, CEO Thomas Sonderman sold 5,210 shares of SkyWater Technology stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $13.38, for a total transaction of $69,709.80. Following the sale, the chief executive officer owned 521,757 shares of the company’s stock, valued at approximately $6,981,108.66. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steve Manko sold 50,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $17.40, for a total transaction of $870,000.00. Following the transaction, the chief financial officer directly owned 277,122 shares of the company’s stock, valued at $4,821,922.80. The trade was a 15.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 384,279 shares of company stock valued at $5,759,943 over the last ninety days. 37.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SKYT has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a research report on Tuesday, October 28th. Stifel Nicolaus started coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price target for the company. Needham & Company LLC upped their price target on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, TD Cowen reissued a “buy” rating on shares of SkyWater Technology in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Check Out Our Latest Report on SKYT

SkyWater Technology Price Performance

Shares of NASDAQ SKYT opened at $31.32 on Monday. SkyWater Technology, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $36.27. The company has a 50 day simple moving average of $21.12 and a two-hundred day simple moving average of $16.43. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.14 and a beta of 3.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.67.

SkyWater Technology (NASDAQ:SKYT – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.41. The firm had revenue of $150.74 million during the quarter, compared to analysts’ expectations of $135.50 million. SkyWater Technology had a negative return on equity of 4.96% and a net margin of 36.36%.SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. Analysts expect that SkyWater Technology, Inc. will post -0.22 EPS for the current fiscal year.

SkyWater Technology Profile

(Free Report)

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.

See Also

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