Vazirani Asset Management LLC purchased a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,638 shares of the company’s stock, valued at approximately $1,066,815. SkyWater Technology makes up 0.0% of Vazirani Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Vazirani Asset Management LLC owned approximately 0.06% of SkyWater Technology at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Man Group plc acquired a new position in SkyWater Technology in the 2nd quarter valued at about $23,228,000. Jupiter Topco LLC bought a new stake in shares of SkyWater Technology in the second quarter valued at approximately $553,000. Hsbc Holdings PLC acquired a new position in SkyWater Technology in the second quarter worth $249,000. Canada Pension Plan Investment Board acquired a new position in shares of SkyWater Technology in the 2nd quarter valued at $606,000. Finally, Legal & General Group Plc bought a new position in shares of SkyWater Technology in the second quarter valued at $1,026,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.
SkyWater Technology Price Performance
SKYT stock remained flat at $32.46 during midday trading on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.93 and a beta of 3.39. The firm has a fifty day simple moving average of $32.88 and a two-hundred day simple moving average of $32.21. SkyWater Technology, Inc. has a 1-year low of $8.49 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.51 and a quick ratio of 0.44.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research report 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.
View Our Latest Research Report on SkyWater Technology
SkyWater Technology Profile
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.
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