Nuveen LLC Invests $1.92 Million in SkyWater Technology, Inc. $SKYT

Key Points

• Nuveen LLC has acquired a new stake in SkyWater Technology, Inc., purchasing approximately 270,712 shares valued at around $1.92 million, representing about 0.56% of the company's total stock.
• Several institutional investors have significantly increased their holdings in SkyWater Technology, with GAMMA Investing LLC boosting their stake by 941.3% in the first quarter.
• Recent analyst reports show mixed sentiments on SkyWater Technology, with Needham & Company raising their target price to $15.00 while Wall Street Zen downgraded it to a "sell" rating; the average consensus target price now stands at $13.00.

Nuveen LLC purchased a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 270,712 shares of the company's stock, valued at approximately $1,919,000. Nuveen LLC owned 0.56% of SkyWater Technology as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in SkyWater Technology by 941.3% during the 1st quarter. GAMMA Investing LLC now owns 4,613 shares of the company's stock worth $33,000 after acquiring an additional 4,170 shares during the period. CWM LLC boosted its position in SkyWater Technology by 320.2% during the 1st quarter. CWM LLC now owns 5,719 shares of the company's stock worth $41,000 after acquiring an additional 4,358 shares during the period. BNP Paribas Financial Markets acquired a new position in SkyWater Technology during the 4th quarter worth $50,000. Price T Rowe Associates Inc. MD acquired a new position in SkyWater Technology during the 4th quarter worth $147,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in SkyWater Technology during the 4th quarter worth $170,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Insider Transactions at SkyWater Technology

In related news, Director Loren A. Unterseher sold 60,767 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $12.08, for a total value of $734,065.36. Following the completion of the sale, the director directly owned 7,600,245 shares of the company's stock, valued at approximately $91,810,959.60. This represents a 0.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 2,758,013 shares of company stock valued at $32,959,975. 37.85% of the stock is currently owned by corporate insiders.

SkyWater Technology Stock Up 1.4%

SkyWater Technology stock traded up $0.15 during mid-day trading on Thursday, hitting $10.81. The company's stock had a trading volume of 849,032 shares, compared to its average volume of 1,531,148. The firm's 50 day moving average is $10.82 and its 200 day moving average is $9.06. The company has a market cap of $520.83 million, a PE ratio of -31.79 and a beta of 3.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 0.97. SkyWater Technology, Inc. has a 52-week low of $5.67 and a 52-week high of $19.00.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SKYT shares. Wall Street Zen downgraded SkyWater Technology from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Needham & Company LLC boosted their price objective on SkyWater Technology from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, TD Cowen dropped their price objective on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $13.00.

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.