Nuveen Asset Management LLC grew its stake in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 414.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,962 shares of the company's stock after purchasing an additional 223,940 shares during the period. Nuveen Asset Management LLC owned approximately 0.58% of SkyWater Technology worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its stake in shares of SkyWater Technology by 64.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,849 shares of the company's stock valued at $39,000 after purchasing an additional 1,113 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of SkyWater Technology in the 4th quarter valued at approximately $50,000. BIT Capital GmbH bought a new stake in SkyWater Technology during the 4th quarter worth approximately $143,000. Price T Rowe Associates Inc. MD bought a new stake in SkyWater Technology during the 4th quarter worth approximately $147,000. Finally, Entropy Technologies LP bought a new stake in SkyWater Technology during the 4th quarter worth approximately $151,000. 70.00% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Gregory B. Graves sold 12,844 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.11, for a total value of $104,164.84. Following the transaction, the director now directly owns 14,285 shares in the company, valued at $115,851.35. This trade represents a 47.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Loren A. Unterseher sold 86,273 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $9.50, for a total value of $819,593.50. Following the completion of the transaction, the director now owns 10,574,092 shares in the company, valued at $100,453,874. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 599,784 shares of company stock valued at $5,682,687. Company insiders own 37.85% of the company's stock.
SkyWater Technology Price Performance
NASDAQ SKYT traded down $0.24 during trading hours on Thursday, reaching $9.09. 710,847 shares of the company's stock were exchanged, compared to its average volume of 590,975. The stock has a market cap of $436.64 million, a PE ratio of -25.97 and a beta of 3.43. SkyWater Technology, Inc. has a one year low of $5.63 and a one year high of $19.00. The firm has a fifty day moving average of $7.65 and a 200-day moving average of $9.30. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53.
Analyst Ratings Changes
A number of equities research analysts recently commented on SKYT shares. Needham & Company LLC decreased their price target on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. TD Cowen decreased their price target on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.
View Our Latest Analysis on SkyWater Technology
SkyWater Technology Profile
(
Free Report)
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.
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