UNICOM Systems Inc. Takes $1.73 Million Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

UNICOM Systems Inc. bought a new stake in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 125,183 shares of the company's stock, valued at approximately $1,728,000. SkyWater Technology makes up about 0.4% of UNICOM Systems Inc.'s portfolio, making the stock its 21st largest holding. UNICOM Systems Inc. owned approximately 0.26% of SkyWater Technology as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of 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 last quarter. nVerses Capital LLC purchased a new stake in SkyWater Technology during the 3rd quarter worth approximately $60,000. The Manufacturers Life Insurance Company acquired a new position in SkyWater Technology during the 2nd quarter valued at approximately $88,000. SG Americas Securities LLC acquired a new position in SkyWater Technology during the 4th quarter valued at approximately $225,000. Finally, Barclays PLC raised its holdings in shares of SkyWater Technology by 167.0% in the third quarter. Barclays PLC now owns 47,204 shares of the company's stock worth $429,000 after buying an additional 29,523 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SKYT has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $12.00 price objective on shares of SkyWater Technology in a report on Monday, November 11th. Piper Sandler increased their price objective on SkyWater Technology from $9.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, October 25th.

Insider Buying and Selling at SkyWater Technology

In related 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 sale, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 42.55% of the company's stock.

SkyWater Technology Stock Performance

NASDAQ SKYT traded up $0.22 on Friday, reaching $9.92. 494,347 shares of the company's stock traded hands, compared to its average volume of 686,049. The stock has a 50 day moving average price of $11.67 and a 200-day moving average price of $9.85. The firm has a market cap of $472.55 million, a price-to-earnings ratio of -28.33 and a beta of 3.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00.

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.