Lountzis Asset Management LLC Sells 2,021 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT)

Lountzis Asset Management LLC lowered its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,322 shares of the company’s stock after selling 2,021 shares during the quarter. SkyWater Technology makes up 1.7% of Lountzis Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Lountzis Asset Management LLC owned approximately 0.60% of SkyWater Technology worth $3,965,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of SkyWater Technology during the third quarter valued at about $35,000. Allworth Financial LP purchased a new stake in shares of SkyWater Technology during the 3rd quarter worth approximately $41,000. Quantbot Technologies LP bought a new stake in SkyWater Technology in the third quarter worth $120,000. Olympiad Research LP purchased a new stake in SkyWater Technology during the third quarter valued at $126,000. Finally, Entropy Technologies LP bought a new position in SkyWater Technology during the fourth quarter valued at $151,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

SkyWater Technology Stock Up 5.1 %

Shares of NASDAQ:SKYT opened at $10.54 on Thursday. 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 12 month low of $5.63 and a 12 month high of $19.00. The firm’s 50-day moving average is $11.75 and its 200 day moving average is $9.96.

Insider Activity

In related news, Director Loren A. Unterseher sold 7,761 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $9.27, for a total value of $71,944.47. Following the transaction, the director now owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 42.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SKYT shares. Piper Sandler upped their target price 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 issued a $12.00 price objective on shares of SkyWater Technology in a research note on Monday, November 11th.

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.