Y Intercept Hong Kong Ltd Invests $243,000 in SkyWater Technology, Inc. $SKYT

Y Intercept Hong Kong Ltd purchased a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,681 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in SkyWater Technology during the second quarter valued at $32,000. GAMMA Investing LLC lifted its stake in SkyWater Technology by 941.3% in the 1st quarter. GAMMA Investing LLC now owns 4,613 shares of the company’s stock valued at $33,000 after buying an additional 4,170 shares in the last quarter. CWM LLC lifted its stake in SkyWater Technology by 320.2% in the 1st quarter. CWM LLC now owns 5,719 shares of the company’s stock valued at $41,000 after buying an additional 4,358 shares in the last quarter. Strs Ohio acquired a new stake in SkyWater Technology in the 1st quarter worth about $173,000. Finally, Rhumbline Advisers increased its stake in SkyWater Technology by 8.0% during the 1st quarter. Rhumbline Advisers now owns 37,397 shares of the company’s stock worth $265,000 after buying an additional 2,783 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Loren A. Unterseher sold 756,516 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $12.06, for a total value of $9,123,582.96. Following the sale, the director directly owned 8,161,012 shares of the company’s stock, valued at approximately $98,421,804.72. The trade was a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 3,364,601 shares of company stock worth $41,174,012 over the last ninety days. Company insiders own 37.85% of the company’s stock.

SkyWater Technology Price Performance

SKYT stock opened at $18.00 on Friday. SkyWater Technology, Inc. has a 52-week low of $5.67 and a 52-week high of $20.85. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market cap of $867.24 million, a price-to-earnings ratio of 6.98 and a beta of 3.49. The business has a fifty day moving average of $15.45 and a two-hundred day moving average of $11.66.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.41. The business had revenue of $150.74 million for the quarter, compared to analyst estimates of $135.50 million. SkyWater Technology had a negative return on equity of 7.97% and a net margin of 36.36%. SkyWater Technology has set its Q4 2025 guidance at -0.080-0.040 EPS. As a group, research analysts anticipate that SkyWater Technology, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

SKYT has been the topic of a number of research analyst reports. Wall Street Zen raised SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Stifel Nicolaus started coverage on SkyWater Technology in a research report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price target for the company. Needham & Company LLC increased their price target on SkyWater Technology from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler boosted their price objective on SkyWater Technology from $12.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded SkyWater Technology to a “hold” rating in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

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.