SkyWater Technology, Inc. (NASDAQ:SKYT) Stock Position Raised by Barclays PLC

Barclays PLC boosted its holdings in SkyWater Technology, Inc. (NASDAQ:SKYT) by 167.0% during the third quarter, HoldingsChannel.com reports. The fund owned 47,204 shares of the company’s stock after acquiring an additional 29,523 shares during the period. Barclays PLC’s holdings in SkyWater Technology were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of SkyWater Technology in the 3rd quarter worth approximately $60,000. AQR Capital Management LLC increased its position in SkyWater Technology by 183.6% in the second quarter. AQR Capital Management LLC now owns 119,828 shares of the company’s stock worth $917,000 after buying an additional 77,571 shares during the period. The Manufacturers Life Insurance Company bought a new stake in SkyWater Technology in the second quarter valued at $88,000. Point72 Asset Management L.P. acquired a new position in shares of SkyWater Technology during the third quarter valued at $222,000. Finally, Renaissance Technologies LLC bought a new position in shares of SkyWater Technology during the second quarter worth about $195,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Loren A. Unterseher sold 7,761 shares of SkyWater Technology stock in a transaction on Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the transaction, the director now directly owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of SkyWater Technology from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of SkyWater Technology in a report on Monday, November 11th.

SkyWater Technology Stock Performance

SKYT stock opened at $14.49 on Friday. The company has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $9.15. The company has a market capitalization of $690.54 million, a P/E ratio of -41.40 and a beta of 3.72. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00.

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.