GAMMA Investing LLC Has $232,000 Stock Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

GAMMA Investing LLC grew its holdings in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 7,282.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,706 shares of the company's stock after buying an additional 32,263 shares during the period. GAMMA Investing LLC owned 0.07% of SkyWater Technology worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its holdings in 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 acquiring an additional 1,113 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of SkyWater Technology during the fourth quarter worth approximately $50,000. BIT Capital GmbH acquired a new position in shares of SkyWater Technology in the fourth quarter valued at approximately $143,000. Price T Rowe Associates Inc. MD bought a new position in shares of SkyWater Technology during the fourth quarter worth approximately $147,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of SkyWater Technology during the fourth quarter worth approximately $170,000. 70.00% of the stock is currently owned by institutional investors.

SkyWater Technology Stock Performance

Shares of NASDAQ:SKYT traded up $0.13 on Wednesday, reaching $9.48. 576,416 shares of the company's stock were exchanged, compared to its average volume of 608,457. The company has a current ratio of 1.18, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. SkyWater Technology, Inc. has a twelve month low of $5.63 and a twelve month high of $19.00. The company has a fifty day moving average of $8.24 and a 200-day moving average of $9.36. The company has a market capitalization of $455.37 million, a price-to-earnings ratio of -55.76 and a beta of 3.44.

Insider Activity at SkyWater Technology

In related news, Director Loren A. Unterseher sold 366,418 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $9.54, for a total value of $3,495,627.72. Following the completion of the transaction, the director now owns 10,660,365 shares of the company's stock, valued at $101,699,882.10. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 715,024 shares of company stock worth $6,783,366. Company insiders own 37.85% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen reduced their price target on SkyWater Technology from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC dropped their target price on SkyWater Technology from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

SkyWater Technology 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.