30,638 Shares in SkyWater Technology, Inc. $SKYT Acquired by Vazirani Asset Management LLC

Vazirani Asset Management LLC bought a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,638 shares of the company’s stock, valued at approximately $1,066,815,000. SkyWater Technology accounts for approximately 5.2% of Vazirani Asset Management LLC’s investment portfolio, making the stock its 7th biggest holding. Vazirani Asset Management LLC owned 0.06% of SkyWater Technology as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKYT. KBC Group NV purchased a new position in shares of SkyWater Technology during the first quarter worth $27,000. Quarry LP purchased a new stake in shares of SkyWater Technology in the 4th quarter valued at $25,000. State of Wyoming purchased a new stake in shares of SkyWater Technology in the 4th quarter valued at $35,000. Russell Investments Group Ltd. lifted its stake in SkyWater Technology by 814.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,468 shares of the company’s stock worth $46,000 after acquiring an additional 2,198 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in SkyWater Technology during the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SkyWater Technology has a consensus rating of “Hold” and a consensus target price of $32.00.

SkyWater Technology Price Performance

Shares of SKYT opened at $32.46 on Thursday. The company has a market cap of $1.60 billion, a P/E ratio of 13.93 and a beta of 3.39. SkyWater Technology, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.93. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average price is $32.96 and its 200 day moving average price is $32.20.

SkyWater Technology (NASDAQ:SKYT) last issued its quarterly earnings results 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 net margin of 21.04% and a negative return on equity of 7.88%.

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.