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

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

A number of other large investors have also recently modified their holdings of SKYT. Inspire Investing LLC grew its stake in SkyWater Technology by 2.5% in the fourth quarter. Inspire Investing LLC now owns 25,460 shares of the company’s stock worth $462,000 after purchasing an additional 612 shares in the last quarter. Quantinno Capital Management LP increased its holdings in SkyWater Technology by 1.9% during the 1st quarter. Quantinno Capital Management LP now owns 46,257 shares of the company’s stock worth $1,268,000 after purchasing an additional 858 shares during the period. KBC Group NV bought a new stake in SkyWater Technology during the 1st quarter valued at $27,000. BNP Paribas Financial Markets raised its position in SkyWater Technology by 56.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $27,000 after purchasing an additional 991 shares in the last quarter. 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 buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

SkyWater Technology Price Performance

Shares of SKYT opened at $32.46 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.44 and a current ratio of 0.51. The company has a 50 day moving average price of $33.21 and a 200-day moving average price of $32.15. SkyWater Technology, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.93. The stock 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 issued its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $160.69 million for the quarter. SkyWater Technology had a net margin of 21.04% and a negative return on equity of 7.88%.

Analysts Set New Price Targets

SKYT has been the topic of a number of recent research reports. Zacks Research raised SkyWater Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (e+)” rating on shares of SkyWater Technology in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.