GWN Securities Inc. Takes Position in SkyWater Technology, Inc. $SKYT

GWN Securities Inc. acquired a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,024 shares of the company’s stock, valued at approximately $148,000.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of SkyWater Technology in the second quarter valued at approximately $32,000. GAMMA Investing LLC raised its position in shares of SkyWater Technology by 941.3% in the first 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 during the last quarter. CWM LLC raised its position in shares of SkyWater Technology by 320.2% in the first quarter. CWM LLC now owns 5,719 shares of the company’s stock valued at $41,000 after buying an additional 4,358 shares during the last quarter. Strs Ohio acquired a new position in shares of SkyWater Technology in the first quarter valued at approximately $173,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of SkyWater Technology in the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SKYT. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a report on Tuesday. Stifel Nicolaus began coverage on shares of SkyWater Technology in a report on Tuesday, October 21st. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of SkyWater Technology in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Needham & Company LLC boosted their target price on shares of SkyWater Technology from $11.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SkyWater Technology has an average rating of “Hold” and an average price target of $17.33.

SkyWater Technology Price Performance

SKYT opened at $16.59 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. SkyWater Technology, Inc. has a 52-week low of $5.67 and a 52-week high of $20.85. The company has a 50 day moving average of $14.90 and a two-hundred day moving average of $11.22. The company has a market cap of $799.31 million, a P/E ratio of -48.79 and a beta of 3.51.

Insider Buying and Selling at SkyWater Technology

In other news, Director Loren A. Unterseher sold 756,516 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 8,161,012 shares in the company, valued at approximately $98,421,804.72. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,402,446 shares of company stock valued at $41,689,461 in the last ninety days. 37.85% of the stock is currently owned by corporate insiders.

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.