GWN Securities Inc. Takes $148,000 Position in SkyWater Technology, Inc. $SKYT

GWN Securities Inc. bought a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,024 shares of the company’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of SkyWater Technology in the second quarter valued at about $32,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 4,170 shares during the period. CWM LLC lifted its stake 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 purchasing an additional 4,358 shares during the period. Strs Ohio acquired a new stake in shares of SkyWater Technology in the first quarter valued at about $173,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of SkyWater Technology in the second quarter valued at about $243,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Stock Performance

Shares of SKYT opened at $16.59 on Friday. 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 has a market cap of $799.31 million, a P/E ratio of -48.79 and a beta of 3.51. The company has a 50-day moving average of $14.90 and a two-hundred day moving average of $11.22. SkyWater Technology, Inc. has a 12-month low of $5.67 and a 12-month high of $20.85.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of SkyWater Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Jefferies Financial Group upgraded shares of SkyWater Technology to a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of SkyWater Technology in a research note on Wednesday, October 8th. Needham & Company LLC raised their price objective on shares of SkyWater Technology from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus initiated coverage on shares of SkyWater Technology in a research note 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, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Insider Transactions at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 756,516 shares of SkyWater Technology stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $12.06, for a total transaction of $9,123,582.96. Following the completion of the transaction, the director owned 8,161,012 shares in the company, valued at approximately $98,421,804.72. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 3,402,446 shares of company stock worth $41,689,461 in the last ninety days. Insiders own 37.85% of the company’s stock.

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.