Harvest Management LLC Acquires 63,688 Shares of SkyWater Technology, Inc. $SKYT

Harvest Management LLC increased its holdings in SkyWater Technology, Inc. (NASDAQ:SKYT) by 123.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,288 shares of the company’s stock after purchasing an additional 63,688 shares during the period. SkyWater Technology makes up about 1.6% of Harvest Management LLC’s holdings, making the stock its 14th biggest holding. Harvest Management LLC owned approximately 0.23% of SkyWater Technology worth $4,014,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SKYT. Inspire Investing LLC lifted its position in SkyWater Technology by 2.5% in the fourth quarter. Inspire Investing LLC now owns 25,460 shares of the company’s stock valued at $462,000 after purchasing an additional 612 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of SkyWater Technology by 1.9% in the 1st quarter. Quantinno Capital Management LP now owns 46,257 shares of the company’s stock worth $1,268,000 after buying an additional 858 shares during the last quarter. KBC Group NV purchased a new position in shares of SkyWater Technology during the first quarter valued at approximately $27,000. BNP Paribas Financial Markets increased its stake in shares of SkyWater Technology by 56.4% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after buying an additional 991 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of SkyWater Technology by 10.7% during the third quarter. NewEdge Advisors LLC now owns 10,350 shares of the company’s stock valued at $193,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Stock Performance

NASDAQ:SKYT opened at $32.46 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.51 and a quick ratio of 0.44. The firm has a market capitalization of $1.60 billion, a P/E ratio of 13.93 and a beta of 3.39. The company’s 50-day simple moving average is $32.80 and its 200 day simple moving average is $32.21. SkyWater Technology, Inc. has a one year low of $8.49 and a one year high of $39.93.

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

Analysts Set New Price Targets

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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

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.