GSG Advisors LLC Takes Position in SkyWater Technology, Inc. $SKYT

GSG Advisors LLC acquired a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,000 shares of the company’s stock, valued at approximately $696,000.

A number of other institutional investors also recently bought and sold shares of the stock. Inspire Investing LLC boosted its stake in SkyWater Technology by 2.5% during the fourth quarter. Inspire Investing LLC now owns 25,460 shares of the company’s stock worth $462,000 after buying an additional 612 shares during the period. Quantinno Capital Management LP increased its position in SkyWater Technology by 1.9% during the first quarter. Quantinno Capital Management LP now owns 46,257 shares of the company’s stock valued at $1,268,000 after acquiring an additional 858 shares during the last quarter. KBC Group NV purchased a new stake in shares of SkyWater Technology in the first quarter valued at $27,000. BNP Paribas Financial Markets raised its stake in shares of SkyWater Technology by 56.4% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after acquiring an additional 991 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of SkyWater Technology by 10.7% in the 3rd quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock worth $193,000 after acquiring an additional 1,000 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of SkyWater Technology from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyWater Technology in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SkyWater Technology has an average rating of “Hold” and an average price target of $32.00.

SkyWater Technology Stock Performance

Shares of SkyWater Technology stock opened at $32.46 on Monday. 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 stock’s fifty day moving average is $33.21 and its two-hundred day moving average is $32.15. SkyWater Technology, Inc. has a 52 week low of $8.49 and a 52 week high of $39.93. The company has a market capitalization of $1.60 billion, a PE ratio of 13.93 and a beta of 3.39.

SkyWater Technology (NASDAQ:SKYT) last released its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $160.69 million for the quarter. SkyWater Technology had a negative return on equity of 7.88% and a net margin of 21.04%.

About SkyWater Technology

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.