SkyWater Technology, Inc. (NASDAQ:SKYT) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in SkyWater Technology, Inc. (NASDAQ:SKYT - Free Report) by 7,282.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,706 shares of the company's stock after buying an additional 32,263 shares during the period. GAMMA Investing LLC owned approximately 0.07% of SkyWater Technology worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SKYT. Nuveen Asset Management LLC raised its position in shares of SkyWater Technology by 414.5% during the fourth quarter. Nuveen Asset Management LLC now owns 277,962 shares of the company's stock worth $3,836,000 after purchasing an additional 223,940 shares during the period. Trexquant Investment LP raised its position in shares of SkyWater Technology by 169.7% during the fourth quarter. Trexquant Investment LP now owns 236,498 shares of the company's stock worth $3,264,000 after purchasing an additional 148,802 shares during the period. Bank of America Corp DE raised its position in shares of SkyWater Technology by 394.2% during the fourth quarter. Bank of America Corp DE now owns 163,645 shares of the company's stock worth $2,258,000 after purchasing an additional 130,529 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of SkyWater Technology during the fourth quarter worth $1,510,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of SkyWater Technology by 89.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 176,473 shares of the company's stock worth $2,435,000 after purchasing an additional 83,544 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Loren A. Unterseher sold 134,049 shares of SkyWater Technology stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $9.41, for a total transaction of $1,261,401.09. Following the transaction, the director now owns 11,026,783 shares in the company, valued at approximately $103,762,028.03. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 715,024 shares of company stock worth $6,783,366. 37.85% of the stock is owned by corporate insiders.

SkyWater Technology Stock Performance

Shares of SKYT stock opened at $8.85 on Friday. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $19.00. The company has a current ratio of 1.18, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $425.07 million, a price-to-earnings ratio of -52.06 and a beta of 3.43. The stock's fifty day simple moving average is $8.15 and its 200-day simple moving average is $9.35.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SKYT. Needham & Company LLC cut their target price 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 cut their target price 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.

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.

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