SkyWater Technology, Inc. (NASDAQ:SKYT) Holdings Boosted by Baillie Gifford & Co.

Baillie Gifford & Co. increased its position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 65.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,665,284 shares of the company's stock after buying an additional 658,431 shares during the quarter. Baillie Gifford & Co. owned about 3.49% of SkyWater Technology worth $22,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SKYT. The Manufacturers Life Insurance Company purchased a new position in shares of SkyWater Technology in the 2nd quarter worth $88,000. nVerses Capital LLC purchased a new position in shares of SkyWater Technology in the 3rd quarter worth $60,000. Allworth Financial LP acquired a new stake in SkyWater Technology in the 3rd quarter valued at $41,000. Emerald Advisers LLC increased its holdings in SkyWater Technology by 1.7% in the 3rd quarter. Emerald Advisers LLC now owns 1,113,353 shares of the company's stock valued at $10,109,000 after purchasing an additional 18,423 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in SkyWater Technology in the 3rd quarter valued at $126,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler increased their price target on SkyWater Technology from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Needham & Company LLC reiterated a "buy" rating and issued a $12.00 price target on shares of SkyWater Technology in a report on Monday, November 11th.

Insider Activity

In other news, Director Loren A. Unterseher sold 7,761 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the sale, the director now directly owns 12,806,264 shares in the company, valued at $118,714,067.28. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.55% of the company's stock.

SkyWater Technology Stock Down 6.8 %

Shares of SkyWater Technology stock traded down $0.71 during trading hours on Friday, hitting $9.68. 670,770 shares of the company's stock traded hands, compared to its average volume of 687,119. The stock has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $9.99. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The company has a market cap of $461.35 million, a PE ratio of -27.66 and a beta of 3.36. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00.

About SkyWater Technology

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.