Emerald Mutual Fund Advisers Trust Lowers Stock Position in SkyWater Technology, Inc. $SKYT
Emerald Mutual Fund Advisers Trust cut its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 74. 9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,263 shares of the company's stock after sel
Emerald Mutual Fund Advisers Trust cut its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT-Free Report) by 74. 9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,263 shares of the company's stock after selling 545,893 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0. 37% of SkyWater Technology worth $5,023,000 as of its most recent SEC filing. What's Behind the Social Media Controversy Surrounding IonQ?Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at about $25,000. Federated Hermes Inc. acquired a new stake in shares of SkyWater Technology in the 2nd quarter worth $25,000. BNP Paribas Financial Markets increased its position in SkyWater Technology by 56. 4% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $27,000 after purchasing an additional 991 shares during the last quarter. State of Wyoming purchased a new stake in shares of SkyWater Technology during the 4th quarter valued at approximately $35,000. Finally, Russell Investments Group Ltd. raised its position in SkyWater Technology by 814. 1% in the third quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company's stock valued at $46,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 70. 00% of the company's stock. GetSkyWater Technologyalerts:Insider ActivityIn related news, CFOSteve Mankosold 75,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $35. 08, for a total transaction of $2,631,000. 00. Following the sale, the chief financial officer owned 96,567 shares of the company's stock, valued at $3,387,570. 36. This trade represents a 43. 71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available atthe SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22. 56% of the stock is owned by corporate insiders. SkyWater Technology Stock PerformanceMarketBeat Week in Review – 03/23 - 03/27SKYTopened at $31. 81 on Tuesday. SkyWater Technology, Inc. has a 1-year low of $8. 49 and a 1-year high of $39. 93. The stock has a market cap of $1. 57 billion, a P/E ratio of 13. 65 and a beta of 3. 34. The stock's 50 day simple moving average is $35. 63 and its 200 day simple moving average is $31. 29. The company has a debt-to-equity ratio of 0. 17, a current ratio of 0. 51 and a quick ratio of 0. 44. SkyWater Technology (NASDAQ:SKYT-Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported ($0. 25) EPS for the quarter. The business had revenue of $160. 69 million during the quarter. SkyWater Technology had a negative return on equity of 7. 88% and a net margin of 21. 04%. As a group, equities analysts anticipate that SkyWater Technology, Inc. will post -0. 42 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthThe SkyWater Deal: IonQ's Bid for Quantum SupremacySeveral brokerages have recently commented on SKYT. Zacks Research upgraded shares of SkyWater Technology from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Weiss Ratingsreiterated a "sell (e+)" rating on shares of SkyWater Technology in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat. com, the company presently has an average rating of "Hold" and an average price target of $32. 00. View Our Latest Report on SKYTSkyWater Technology Company 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 AlsoFive stocks we like better than SkyWater TechnologyThe SK Hynix IPO and 2027’s AI Memory SqueezeMeta Platforms Stock Rises as Muse Spark 1. 1 AI Model DebutsWhy Welltower's Growth Story Might Outrun Its Rich ValuationOne Short- and One Long-Term ETF for Quantum Computing BullsWant to see what other hedge funds are holding SKYT?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for SkyWater Technology, Inc. (NASDAQ:SKYT-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in SkyWater Technology Right Now?Before you consider SkyWater Technology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and SkyWater Technology wasn't on the list. While SkyWater Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereLearn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy. Get This Free Report