3,598 Shares in SkyWater Technology, Inc. (NASDAQ:SKYT) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,598 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. increased its holdings in shares of SkyWater Technology by 64.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company’s stock valued at $39,000 after purchasing an additional 1,113 shares in the last quarter. BIT Capital GmbH acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $143,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $147,000. Entropy Technologies LP acquired a new stake in shares of SkyWater Technology in the fourth quarter valued at approximately $151,000. Finally, Wells Fargo & Company MN increased its holdings in shares of SkyWater Technology by 51.1% in the fourth quarter. Wells Fargo & Company MN now owns 12,826 shares of the company’s stock valued at $177,000 after purchasing an additional 4,338 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SKYT. TD Cowen lowered their price target on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Needham & Company LLC reduced their price objective on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th.

Insider Buying and Selling at SkyWater Technology

In other SkyWater Technology news, Director Gregory B. Graves sold 12,844 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.11, for a total value of $104,164.84. Following the transaction, the director now directly owns 14,285 shares of the company’s stock, valued at approximately $115,851.35. This trade represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Loren A. Unterseher sold 134,049 shares of SkyWater Technology stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $9.41, for a total transaction of $1,261,401.09. Following the transaction, the director now directly owns 11,026,783 shares in the company, valued at approximately $103,762,028.03. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 599,784 shares of company stock valued at $5,682,687. 37.85% of the stock is currently owned by insiders.

SkyWater Technology Price Performance

Shares of SKYT stock opened at $8.89 on Wednesday. SkyWater Technology, Inc. has a 52-week low of $5.63 and a 52-week high of $19.00. The stock has a market cap of $427.03 million, a PE ratio of -25.40 and a beta of 3.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The firm’s 50 day moving average price is $7.56 and its two-hundred day moving average price is $9.29.

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.