Emerald Mutual Fund Advisers Trust Boosts Stock Holdings in SkyWater Technology, Inc. $SKYT

Emerald Mutual Fund Advisers Trust boosted its stake in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 18.6% during the second quarter, HoldingsChannel.com reports. The firm owned 714,144 shares of the company’s stock after acquiring an additional 111,847 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in SkyWater Technology were worth $7,027,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Deutsche Bank AG raised its stake in SkyWater Technology by 1.6% during the first quarter. Deutsche Bank AG now owns 84,977 shares of the company’s stock worth $602,000 after purchasing an additional 1,372 shares during the period. Rhumbline Advisers raised its stake in SkyWater Technology by 8.0% during the first quarter. Rhumbline Advisers now owns 37,397 shares of the company’s stock worth $265,000 after purchasing an additional 2,783 shares during the period. Financial Management Professionals Inc. purchased a new position in SkyWater Technology during the second quarter worth approximately $32,000. GAMMA Investing LLC raised its stake in SkyWater Technology by 941.3% during the first quarter. GAMMA Investing LLC now owns 4,613 shares of the company’s stock worth $33,000 after purchasing an additional 4,170 shares during the period. Finally, CWM LLC raised its stake in SkyWater Technology by 320.2% during the first quarter. CWM LLC now owns 5,719 shares of the company’s stock worth $41,000 after purchasing an additional 4,358 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling

In other SkyWater Technology news, Director Loren A. Unterseher sold 120,370 shares of SkyWater Technology stock in a transaction on Friday, September 26th. The stock was sold at an average price of $18.02, for a total transaction of $2,169,067.40. Following the sale, the director owned 6,811,256 shares of the company’s stock, valued at $122,738,833.12. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Manko sold 60,829 shares of SkyWater Technology stock in a transaction on Friday, September 26th. The shares were sold at an average price of $17.40, for a total value of $1,058,424.60. Following the sale, the chief financial officer directly owned 327,122 shares in the company, valued at $5,691,922.80. The trade was a 15.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,402,446 shares of company stock valued at $41,689,461. Insiders own 37.85% of the company’s stock.

SkyWater Technology Trading Up 2.6%

Shares of NASDAQ SKYT opened at $16.87 on Thursday. The company has a market cap of $812.80 million, a price-to-earnings ratio of -49.62 and a beta of 3.51. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $20.85. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $14.78 and its 200 day simple moving average is $11.18.

Wall Street Analysts Forecast Growth

SKYT has been the subject of several recent research reports. Needham & Company LLC increased their price objective on shares of SkyWater Technology from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SkyWater Technology in a report on Wednesday, October 8th. Finally, Stifel Nicolaus assumed coverage on SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 price objective for the company. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SkyWater Technology presently has an average rating of “Moderate Buy” and a consensus price target of $17.33.

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.