Connor Clark & Lunn Investment Management Ltd. Buys New Shares in SkyWater Technology, Inc. (NASDAQ:SKYT)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 22,220 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Olympiad Research LP bought a new stake in shares of SkyWater Technology during the 3rd quarter worth $126,000. Emerald Advisers LLC lifted its holdings in shares of SkyWater Technology by 1.7% during the third quarter. Emerald Advisers LLC now owns 1,113,353 shares of the company’s stock valued at $10,109,000 after purchasing an additional 18,423 shares during the last quarter. Allworth Financial LP acquired a new position in shares of SkyWater Technology in the 3rd quarter valued at $41,000. nVerses Capital LLC purchased a new position in SkyWater Technology in the 3rd quarter worth about $60,000. Finally, Inspire Investing LLC acquired a new stake in SkyWater Technology during the 3rd quarter worth about $418,000. Institutional investors own 70.00% of the company’s stock.

SkyWater Technology Stock Up 0.4 %

Shares of SkyWater Technology stock opened at $7.94 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year high of $12.97. The stock has a 50-day moving average price of $9.13 and a 200 day moving average price of $8.48. The company has a market cap of $378.42 million, a P/E ratio of -22.69 and a beta of 3.92.

Wall Street Analyst Weigh In

Several brokerages have commented on SKYT. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of SkyWater Technology in a report on Monday, November 11th. Piper Sandler raised their price objective on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th.

About SkyWater Technology

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.