Barclays PLC Grows Stock Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

Barclays PLC raised its position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 167.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,204 shares of the company's stock after acquiring an additional 29,523 shares during the period. Barclays PLC owned approximately 0.10% of SkyWater Technology worth $429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in SkyWater Technology by 6.4% during the third quarter. Geode Capital Management LLC now owns 586,933 shares of the company's stock worth $5,330,000 after acquiring an additional 35,219 shares during the period. nVerses Capital LLC purchased a new stake in shares of SkyWater Technology during the 3rd quarter worth $60,000. AQR Capital Management LLC grew its stake in shares of SkyWater Technology by 183.6% during the 2nd quarter. AQR Capital Management LLC now owns 119,828 shares of the company's stock worth $917,000 after purchasing an additional 77,571 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of SkyWater Technology in the 2nd quarter valued at about $88,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of SkyWater Technology in the third quarter valued at about $222,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on SKYT shares. Needham & Company LLC restated a "buy" rating and set a $12.00 target price on shares of SkyWater Technology in a research report on Monday, November 11th. Piper Sandler raised their price objective on SkyWater Technology from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, October 25th.

Insider Activity at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the business'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 completion of the transaction, the director now owns 12,806,264 shares of the company's stock, valued at approximately $118,714,067.28. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.55% of the stock is owned by corporate insiders.

SkyWater Technology Price Performance

SKYT traded up $0.05 during midday trading on Friday, reaching $11.55. 552,491 shares of the company's stock were exchanged, compared to its average volume of 1,646,466. The business's 50-day moving average price is $10.91 and its 200 day moving average price is $9.52. The stock has a market capitalization of $550.47 million, a PE ratio of -33.00 and a beta of 3.43. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $19.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78.

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.