MIG Capital LLC Makes New Investment in SkyWater Technology, Inc. (NASDAQ:SKYT)

MIG Capital LLC purchased a new stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 27,363 shares of the company’s stock, valued at approximately $378,000. SkyWater Technology comprises approximately 0.0% of MIG Capital LLC’s holdings, making the stock its 23rd biggest position.

Several other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in SkyWater Technology in the third quarter valued at approximately $35,000. BIT Capital GmbH acquired a new stake in shares of SkyWater Technology in the 4th quarter valued at $143,000. Entropy Technologies LP bought a new stake in SkyWater Technology in the fourth quarter worth $151,000. Wells Fargo & Company MN increased its position in SkyWater Technology by 51.1% during the fourth quarter. Wells Fargo & Company MN now owns 12,826 shares of the company’s stock worth $177,000 after buying an additional 4,338 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in SkyWater Technology during the third quarter valued at about $120,000. Institutional investors own 70.00% of the company’s stock.

Insider Transactions at SkyWater Technology

In other news, Director Gregory B. Graves sold 12,844 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.11, for a total transaction of $104,164.84. Following the transaction, the director now owns 14,285 shares in the company, valued at approximately $115,851.35. The trade was a 47.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.55% of the company’s stock.

SkyWater Technology Price Performance

NASDAQ SKYT opened at $6.10 on Friday. The company has a market cap of $292.77 million, a P/E ratio of -17.43 and a beta of 3.41. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year high of $19.00. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $9.81.

SkyWater Technology (NASDAQ:SKYT) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 EPS 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 business had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. On average, sell-side analysts predict that SkyWater Technology, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of SkyWater Technology in a report on Thursday, 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.